The banks should be encouraged to be part of an initiative offering loans of 8 percent diminishing balance interest rate to private investors in certain sectors.
The Egyptian pound continues to rise against the US dollar, recording its highest value in three years today.
The US dollar exchange rate dropped during transactions on Tuesday at a number of major banks in Egypt.
Deputy Governor of the Central Bank of Egypt Gamal Nagm declared that the board issued a decree on Sunday extending the grace period of stumbling factories.
At the National Bank of Egypt and Banque Misr, the dollar rate declined two piasters, recording EGP 15.86 for buying and EGP 15.96 for selling.
The US dollar exchange rate was stable during Tuesday's transactions at Egypt's major banks.
The Egyptian stock market is progressing and becoming an investment-magnet, said Goldman Sachs foundation as quoted by Bloomberg.
Ratings agency Fitch downgraded Turkey's sovereign debt by one notch to 'BB-' with a negative outlook, after Erdogan sacked the governor of the central bank.
The financial contributions of the Arab states can be made through the Arab League’s general secretariat or directly to the Palestinian Finance Ministry.
Egypt is set to host the financial technology "Seamless North Africa FinTech" conference on June 17-18, the Central Bank said in a statement Wednesday.
Central Bank of Egypt (CBE) Governor Tareq Amer revealed that a giant US investment fund will buy the United Bank of Egypt in a period of three months.
CBE announced a public holiday for all banks to mark the the eighth anniversary of the January 25th revolution and Police Day.
The move comes within the framework of the bank's expansion plan in the African continent and the State's strategy to boost cooperation with Africa, he noted.
The exchange rate of the US dollar was relatively stable during morning transactions on Monday at major banks.
The euro rallied on Monday as a fall in Italian government borrowing costs after their recent surge introduced some calm into the market.
China's central bank announced Sunday it would reduce the reserve requirement ratio (RRR) for most banks by one percentage point.
The euro rebounded after reports that Italy plans to reduce its budget deficit over the next three years, but traders said the rally could be short-lived.
The euro bounced off six-week lows on Wednesday, European shares rose and Italian bonds rallied as some of the worries that have rippled across markets.
Egypt's Finance Ministry auctioned on Monday three-year and seven-year treasury bonds at a total value of LE1.25 billion.
The exchange rate of the US dollar was stable during transactions on Monday at major banks.