Hanan Mohamed

business reporter

CBE cuts interest rates at 15.75%, 16.75% in February

Thu, Feb. 14, 2019

MPC kept the interest rates unchanged during the meeting of December, November, September, August, June and May of 2018, after lowering them twice earlier this year by 1 percent each time.

CI Capital records profit of LE 487.25M in 2018

Thu, Feb. 14, 2019

CI Capital's revenues hiked to LE 2.5 billion in 2018, compared to LE 1.85 billion in 2017.

EGX shows mixed performance amid Arab selling Thursday

Thu, Feb. 14, 2019

EGX witnessed a mixed performance among its indices during Thursday, in coincidence with the approval of Parliament on the amendments to the 2014 Constitution.

Qalaa to sell electricity of Benben Project to government in Feb.

Thu, Feb. 14, 2019

Qalaa Holdings announced that its first project to generate solar energy through photovoltaic (PV) cells in Benban hit a production of 50 megawatts.

CBE to discuss interest rates for 1st time in 2019

Thu, Feb. 14, 2019

After cutting the rates six times during 2018, most investment banks and economic researches foresaw that CBE will keep the rates unchanged in February.

Pharos expects CBE to lower interest rates in March

Thu, Feb. 14, 2019

It said that the dynamics of the local inflation rate and the foreign ownership of debt instruments enhance the chances of a rate cut in the Q1 of 2019.

Beltone anticipates CBE to keep interest rates unchanged in February

Wed, Feb. 13, 2019

Beltone’s expectation came as the inflation outlook will remain hostage to the uncertain trajectory of volatile food prices.

CBE to cut interest rates in February's meeting: SHUAA Capital

Wed, Feb. 13, 2019

SHUAA Securities Egypt reiterated its view that the monetary policy committee of Central Bank of Egypt (CBE) might cut interest rates by 1 percent on Thursday, Feb. 14.