The business community has high hopes for new Central Bank of Egypt (CBE) Governor Tarek Amer, but at the close of the first banking day since he officially took the…
A batch of new high-yield accounts offered by Egypt’s state owned banks represent a bid by the government to curb inflation, ease demand for the dollar and shore up the…
In a decreee published in Thursday’s Official Gazette, President Abdel Fattah al-Sisi reshuffled the Central Bank of Egypt’s coordination council, appointing former Central…
President Abdel Fattah al-Sisi accepted the resignation of Central Bank of Egypt (CBE) Governor Hesham Ramez on Wednesday, appointing Tarek Amer to replace him. Amer…
Hesham Ramez, the head of the Central Bank, stated on Wednesday that the investment certificates used to finance the new Suez Canal…
Egyptian banks plan to introduce products that would facilitate the financing of low and middle-income housing in the form of long-term loans…
The Central Bank of Egypt’s (CBE) monetary policy committee slashed deposit and lending rates by 50 basis points, to 8.25 percent and…
Egypt’s foreign currency reserves fell from US$18.7 billion in September to US$18.2 billion in October, the Central Bank of Egypt (CBE) said…
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