Latest in Tag: CBE Highlight
Latest in Tag: CBE
$3.7bn surplus in balance of payments for FY 2014/2015: CBE
FDI in Egypt increased to $6.4bn the past FY
Salman affirms CBE’s independence
Following controversial statements on Egyptian pound depreciation, investment minister Salman attempted to calm down markets by confirming CBE’s independence
Egypt needs greater productivity to increase credit rating: MERIS Chairman
Egypt’s decision-making technique needs to change, says Hassanein
Etisalat Egypt, CBE negotiate to activate mobile money transfers from abroad
Etisalat Egypt has acquired 19% of the Emirates Telecommunications Corporation (ETC) revenues
United Bank-Egypt appoints new acting chairman until end of 2015
Ashmawy concluded his work at the bank on Monday after nine years as Chairman of United Bank, and began his task in managing the “Tahya Masr” account on Tuesday.
Mehleb receives export councils’ memorandum to review CBE’s policies
CBE governor does not accept requests to meet with exporters or importers, says ECBM head
Large number of funds, little information reduces citizens’ turnout to donate: Experts
Farhet Misr Fund should be subject to supervision by Central Auditing Organization (CAO), says banking expert Basant Fahmy
Egypt implements first office in UAE to revitalise tourism
New office will cooperate with airlines flying into Egypt to create direct flights to Sharm El-Sheikh, Red Sea and North Coast
CBE to resume issuing dollar sale tenders to banks Tuesday
Stability of US dollar rate against Egyptian pound stands between EGP 7.78 and EGP 7.83 in banks and at EGP 7.88 at exchanges
Banks acquire 78.4% of total issued treasury bills until end of last April: CBE
EGP 402.3bn volume of banks’ investments in the governmental securities out of EGP 512.9bn
CBE to reveal details of commodity prices developments in June
By Hossam Mounir The Central Bank of Egypt (CBE) is expected to reveal on Wednesday details pertaining to developments of commodity prices within the markets last June, upon which the state inflation rates are determined. The details would be announced in the CBE’s monthly report that is issued on the 15th day of every month. …
Exits of foreign investments decrease by 12% in Q1 of 2015
European Union investments in Egypt in Q1 of 2015 reached $2.03bn, compared to $1.6bn in Q1 2014
$520m increase in Egypt’s foreign exchange reserves in June: CBE
Reserves were supported by government-issued dollar bonds in the international markets during June
Egypt’s debts to Paris Club decrease 18%
Egypt repaid $670m to Paris Club in July, another payment of same amount is expected to follow in January
CBE stabilises dollar price after 2 increases
Dollar will increase again, and the stable price is temporary, analysts say
EGP 12.246bn increase in banks’ deposits, EGP 16.8bn in loans last April: CBE
The CBE added that the household sector acquired EGP 75.9bn out of the total deposits of banks’ customers in April, where its deposits registered EGP 1076.371bn during that month compared to EGP 1062.607bn during March.
Dollar price against Egyptian pound stabilises, market anticipates CBE’s next step
CBE moved to raise the dollar to limit imports, says CBE Governor Hisham Ramez
CBE continues decreasing pound’s value against dollar
A further 10 piasters reduced against the US dollar to 7.83EGP
Ambiguity surrounds CBE’s decision to raise dollar price by 10 piasters
Analysts await CBE’s next step, expecting an increase in commodity prices
Dollar exchange rate expected to exceed EGP 7.8 this week
CBE sold $40m of periodic dollar bid, with average dollar exchange rate of EGP 7.63, after four month stability
CBE raises dollar price by 10 piasters at official auction
The Central Bank of Egypt (CBE) allowed the Egyptian pound to deteriorate on Thursday, for the first time since February 2015
Government targets EGP 262bn loan for budget deficit in Q1 of FY 2015/2016
Ministry of Finance to issue treasury bills with EGP 189.5bn and treasury bonds with EGP 72.5bn between July and September 2015
Fitch confirms Egypt’s “B” rating, outlook is stable
Budget deficit expected to decrease to 11.6% of GDP in FY15, in comparison to the 17.5% of GDP recorded in FY14, Fitch noted
Banks invest over EGP 159bn in fixed income tools in 1 week: CBE
EGP 138.7bn invested in CBE and EGP 20.75bn in treasury bonds, treasury bills
Nuts with the taste of revolution
Hazelnut prices increased three or four times to reach EGP 170 ($22.2) per kilo, because the government halted imports, says vendor
Tourism sector has to double its labour force to cover market needs: Badran
Ministry finances numerous training centres and programmes with EGP 30m to EGP 40m.
Dollar crisis, long procedures affect technology imports: Importer
CBE only covers requests for strategic goods despite lack of alternative local technological products, says importer
Local, international institutions offer to invest $928.5m in treasury bills: CBE
The CBE launched this auction using $700m, receiving offers worth $928.5m to cover it, $728.5m of which were approved.
AIBK allocates EGP 300m to mortgage finance: SME Sector Head
The bank has 420 units under financing in 10th of Ramadan City provided by MFF, says Taha
CBE initiative to support tourism is only partial solution: ETF Chairman
Ministry of Tourism to support tourism investment fund with EGP 100m, of which EGP 25m sent to Ayadi company established by Ministry of Planning