Bank

Central Bank of Egypt issues loan guarantees worth LE100B for banks to fund investors

Tue, 19 May 2020 - 12:08 GMT

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.

US dollar price goes down at Egypt's major banks

Tue, 18 Feb 2020 - 02:06 GMT

The Egyptian pound continues to rise against the US dollar, recording its highest value in three years today.

Dollar rates down at Egypt's major banks

Tue, 11 Feb 2020 - 01:09 GMT

The US dollar exchange rate dropped during transactions on Tuesday at a number of major banks in Egypt.

Grace period for investors to pay back extended: CBE deputy governor

Mon, 10 Feb 2020 - 01:52 GMT

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.

Dollar price down at Egypt's major banks

Tue, 14 Jan 2020 - 10:19 GMT

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.

Dollar price stable at Egypt's major banks

Tue, 31 Dec 2019 - 12:53 GMT

The US dollar exchange rate was stable during Tuesday's transactions at Egypt's major banks.

Egypt Stock Market becoming more attractive to investors: Goldman Sachs

Wed, 28 Aug 2019 - 04:14 GMT

The Egyptian stock market is progressing and becoming an investment-magnet, said Goldman Sachs foundation as quoted by Bloomberg.

Fitch downgrades Turkey's debt after central bank chief dismissal

Sat, 13 Jul 2019 - 09:41 GMT

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.

Arab states pledge $100 million monthly to Palestine

Sun, 23 Jun 2019 - 04:05 GMT

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 to host "Seamless North Africa" conf. Monday

Wed, 12 Jun 2019 - 12:37 GMT

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.

CBE gov.: United Bank of Egypt to be sold to US investment fund in 3 months

Mon, 29 Apr 2019 - 09:09 GMT

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: Bourse, banks to close Thursday for Jan. 25 Revolution

Sun, 20 Jan 2019 - 01:36 GMT

CBE announced a public holiday for all banks to mark the the eighth anniversary of the January 25th revolution and Police Day.

Banque du Caire to open branches in Tanzania, Kenya, Russia, China

Sat, 08 Dec 2018 - 09:42 GMT

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.

Dollar price stable at Egypt's major banks

Mon, 22 Oct 2018 - 11:32 GMT

The exchange rate of the US dollar was relatively stable during morning transactions on Monday at major banks.

Euro rallies as Italian borrowing costs enjoy big drop

Mon, 22 Oct 2018 - 10:11 GMT

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 to cut reserve requirement ratio for fourth time

Sun, 07 Oct 2018 - 09:54 GMT

China's central bank announced Sunday it would reduce the reserve requirement ratio (RRR) for most banks by one percentage point.

Euro lifted off six-week low by Italian budget speculation

Wed, 03 Oct 2018 - 09:54 GMT

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.

Italy budget concession hopes switch risk sentiment back on, boost euro

Wed, 03 Oct 2018 - 09:48 GMT

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.

Finance Ministry auctions LE1.25B T-bonds

Mon, 01 Oct 2018 - 03:04 GMT

Egypt's Finance Ministry auctioned on Monday three-year and seven-year treasury bonds at a total value of LE1.25 billion.

Dollar exchange rate stable at major Egyptian banks

Mon, 01 Oct 2018 - 11:42 GMT

The exchange rate of the US dollar was stable during transactions on Monday at major banks.

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