Latest in Tag: CBE Highlight
Latest in Tag: CBE
Investors likely to inject cash in Egypt’s stock market if monetary policy eases: report
Investor interest in Egyptian equities is visible in the long run
CBE’s initiative to finance hotel renovation is “mere deceit”: chairperson of Tourism Investors Association
The initiative has not benefited any tourism investor and needs to be implemented on the ground
CBE launches Nile Pioneers initiative to support SMEs
The initiative aims to support SMEs to maximize their contribution to the national economy, and integrate the informal economy with the formal economy
Return on debt instruments hits 12-year high
Different reactions to interest rate, 2% raise in interest rate at CBE
Egyptian Union for Investors Associations, CBE to discuss problems of companies that refused exchange rate difference initiative
The Union received requests from companies to speed up the settlement of their debts with banks, says Shaaban
CBE promotes 5 senior officials to deputy governorÂ
Ramy Abu al-Naga took over monetary markets and reserve management, Essmat Hussein for payment systems, Mai Abu al-Naga for controlling banks, Mohamed Ibrahim for internal internal auditing and Hany Omar for security sector
Energy subsidy cuts, take its toll on the average Egyptians
Egypt, a country with a population of 90m, where more than 28% of them live below the poverty line, has been suffering following the 25 January Revolution in 2011 from economic challenges and political instability. These factors intensified Egypt’s already-existing structural problems. Since November 2016, when the authorities started to implement the economic reform programme …
Package of negative implications pending after hiking interest rate
Financing of companies through non-bank financial markets amongst top beneficiaries
Interest rate hike will impose significant fiscal burden: economic experts
HSBC believes that the CBE’s tightening cycle has peaked, Capital Economics forecast a 6% deposit rate fall by end of 2018
Egyptian pound fist to fist with US dollar yet again
Local currency began appreciating again by 21 piastres in four days, market awaits its trend until the end of the year
Pound strengthens due to market supply and demand mechanism: Amer
The CBE governor told the president that the bank didn’t intervene to support the local currency
Banks consider impact of CBE’s decision to hike interest rates this week
CBE’s decision aims to curb inflation and ease its impacts after moving fuel prices, purchasing power expected to increase, says Negm
CBE raises interest rates 2% for second time in 2 months
Deposits increased to 18.75%, loans to 19.75%
Analysts expect CBE to keep interest rate unchanged after Thursday meeting
Seven out of nine analysts and investment banks expect CBE to keep current rates unchanged
Improved FC liquidity expected after removal of transfer limit: Fitch
A larger inflow from foreign investors is expected with their confidence restored in the Egyptian economy
Egypt pound under fire as CBE shifts to remove limits on foreign currency transfers
Companies getting ready to transfer their profits could weigh on the weak pound
Private industrial sector accounted for 62.4% of credit facilities granted by banks to non-government economic sectors at the end of March 2017: CBE
The industrial sector accounted for 36.5% of the total credit facilities granted by banks; services for 28.5%; trade for 10.5%; and agriculture for 1.1%
Egypt’s top 5 banks accounted for 77.7% of total profits of banks operating in Egyptian market by end of March 2017: CBEÂ
Total profits amounted to EGP 30.516bn at the end of first quarter of 2017, top 10 banks mark profits of EGP 26.234bn
Nonperforming loans drop to 5.7% of total loans at banks by March end: CBE
Ratio of loans to deposits in local currency rose to 40.2%, ratio of loans to deposits in foreign currencies fell to 62.8% in March
CBE to remove dollar deposit limits over upcoming months: IMF
The fund’s board votes on the Egyptian economy’s first review within weeks
Lifting foreign exchange transfer constraints is a new message from CBE that Egypt overcame foreign currency crisis: experts
The decision boosts confidence in the Egyptian economy, contributes to attracting more foreign investment flows, Egyptians’ savings abroad, says Amer
CBE reveals foreign exchange status after flotationÂ
$8bn in remittances from Egyptian expats from November 2016 until the end of March 2017Â
CBE likely to maintain current tight monetary stance to reduce inflationary pressures: IIF
Annual inflation rate to decline gradually to 18% by end of 2017, from about 30% in MayÂ
$6.6bn net foreign direct investments during first 9 months of FY 2017/2018
Foreign investments worth $10.8bn were injected into Egypt, $4.2bn outflow
Central Bank of Egypt removes foreign currency transfer limits
The move could spur foreign investments to Egypt, says Tarek Amer
Banknote issuance to GDP increases to 12.68% in February: CBE
CBE issued banknotes of EGP 411.559bn in February, compared to EGP 405.416bn in January
Inflation likely to resume rally if government delivers on next round of austerity measures
Research houses expects prices to shoot up again with applying subsidy cuts and VAT
CBE, EFSA sign agreement to enhance financial inclusion in Egypt
Sharm El-Sheikh will host an international conference on financial inclusion on 17 September
Egypt has paid $1.2bn of its foreign debts
$750m to foreign oil companies, $533m for Saudi duesÂ
Egypt’s foreign exchange reserves reach new high since March 2011, thanks to new dollar bonds
The foreign exchange reserves increased to $31.1bn at the end of May compared to $28.6bn in April