Central Bank of Egypt

Egypt's Central Bank keeps interest rates unchanged during May meeting

Thu, 18 May 2023 - 06:58 GMT

The discount rate was also kept at 18.75 percent.

CBE appoints Barclays as an international advisor for the United Bank deal

Thu, 18 May 2023 - 12:02 GMT

Barclays will work alongside local financial advisor, CI Capital.

CBE’s financial sector cybersecurity center becomes Egypt’s first to join global cybersecurity forum

Wed, 17 May 2023 - 11:07 GMT

EG-FinCIRT's achievement is in line with the Central Bank's strategic focus on strengthening cyber security within the financial and banking sector

Egypt's central bank issues LE 1B in T-bonds Monday

Mon, 08 May 2023 - 03:11 GMT

The T-bonds were offered in one installment at LE 1 billion with a three-year term.

Egypt’s international reserves increased by $548 million in four months, CBE

Sun, 07 May 2023 - 03:37 GMT

CBE reported the value of gold listed in reserves increased to $8 billion in April, compared to $7.3 billion in December, an increase of $705 million.

Egypt’s net investment flows increased to $5.7 billion, CBE

Sun, 07 May 2023 - 10:13 GMT

Egypt’s net inflow of foreign direct investment increased about $5.7 billion from July to December, compared to $3.3 billion in the same period in 2021.

Egypt's tourism revenues jump 25.7 percent in the second half of 2022, CBE

Thu, 04 May 2023 - 01:06 GMT

Egypt’s tourism revenues recorded $7.3 billion jumping to 25.7 percent during the second half of 2022

Egypt's tourism revenues jump to $7.3B in H2 of 2022

Wed, 03 May 2023 - 04:52 GMT

The CBE attributed the hike in tourism revenues to the increase in the number of tourist nights by 27.2 percent on an annual basis, to record about 78.4 million nights, and the increase in the number of tourists coming to Egypt by 27.5 percent, to reach about 6.8 million tourists.

Remittances from Egyptian expats record $12B in H2 of 2022: CBE

Wed, 03 May 2023 - 03:38 GMT

The remittances from Egyptian expatriates declined during the third quarter of 2022 (July-September) by 20.9 percent, recording $6.4 billion, down from $8.1 billion during the same quarter of 2021.

Domestic banking sector’s liquidity climbs 7.6% to reach LE 7.96 trn: CBE

Wed, 03 May 2023 - 10:55 GMT

The report also reveals that the total non-governmental deposits in local currency in banks increased to LE 5.614 trillion in March 2023, up from LE 5.411 trillion in December 2022, representing a growth rate of 3.8 percent

Egypt’s NFAs deficit climbs by 7.3 percent in March says CBE

Tue, 02 May 2023 - 04:23 GMT

Egypt's NFAs deficit surged by LE 536.2 billion ($17.33 billion) month-on-month (m-o-m) in March 2023

Egypt's central bank issues LE 2B in T-bonds Monday

Mon, 01 May 2023 - 11:55 GMT

The T-bonds were offered in one installments with a variable return at LE 3 billion with a three-year term.

Egypt's central bank issues LE 40B in T-bills Sunday

Sun, 30 Apr 2023 - 03:15 GMT

The T-bills were offered in two installments, with the first valued at LE 22.5 billion with a 91-day term.

Banks operating in Egypt to be off next Thursday

Thu, 27 Apr 2023 - 02:46 GMT

The Central Bank said that work in banks will resume on the morning of Sunday, May 7.

Egypt's central bank issues LE 39.5B in T-bills Thursday

Thu, 27 Apr 2023 - 02:35 GMT

The T-bills were offered in two installments, with the first valued at LE 16 billion with a 182-day term.

IMF is waiting for more reforms before disbursing its second tranche of loan to Egypt says Bloomberg

Sun, 16 Apr 2023 - 03:24 GMT

The fund is also looking for increased privatization deals for state assets and genuine flexibility in Egypt’s currency, the unnamed sources revealed to Bloomberg

Egypt's central bank announces Easter, Sham El-Nessim holidays

Mon, 10 Apr 2023 - 03:30 GMT

The Central Bank said that work in banks will resume on the morning of Tuesday, April 18th.

Egypt's annual core inflation records 39.5% in March: CBE

Mon, 10 Apr 2023 - 03:14 GMT

Core inflation discounts or strips out certain categories that are considered more volatile.

Egypt's central bank issues LE 1B in T-bonds Monday

Mon, 10 Apr 2023 - 02:24 GMT

The T-bonds were offered in one installments with a variable return at LE 1 billion with a three-year term.

Value of gold in Egypt's foreign reserves hikes to $7.950B by end of March

Thu, 06 Apr 2023 - 04:08 GMT

The CBE decided to amend the time period for following up the gold proceeds and excluding some cases related to the proceeds of gold export operations.

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