Central Bank of Egypt

EgyptToday Apr 20

Egypt’s Minister of International Cooperation ( Ministry of International Cooperation ), Rania Al Mashat, recently stated in an interview that the World Bank ... Show more

dailynewsegypt.com/2024/04/14/al-ahly-sabbour-to-broaden-east-cairo-presence-with-new-200-feddan-endeavour-in-nac/

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Dailynewsegypt Apr 25

Egypt’s external debt increases to $168.03bn in December 2023: CBE Read more: Egypt’s external debt increases to $168.03bn in December 2023: CBE - Dailynewsegypt

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Dailynewsegypt Apr 15

Al Ahly Sabbour to broaden East Cairo presence with new 200-feddan endeavour in NAC - Dailynewsegypt

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Apr 23

CBE to cut interest rates by 2% in May; inflation to decrease to 20% by end of 2024: Goldman Sachs - Economy - Business

english.ahram.org.eg/NewsContent/3/12/522404/Business/Economy/CBE-to-cut-interest-rates-by--in-May;-inflation-to.aspx

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egyptianstreets.com/2024/04/07/egypt-aims-to-improve-self-sufficiency-in-wheat-and-corn-crops-by-2025-2026/

Apr 07

Egypt Aims to Improve Self-Sufficiency in Wheat and Corn Crops by 2025/2026: Egypt aims to procure 3.5 million tons of local wheat during the 2024 season ...

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Dailynewsegypt Apr 16

Securitization market faces challenges with financial leasing companies post-CBE regulations Read more: Securitization market faces challenges with financial leasing companies post-CBE regulations - Dailynewsegypt

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Dailynewsegypt Apr 15

CBE to launch six tenders for T-bills, bonds totalling EGP 119.5bn Read more: CBE to launch six tenders for T-bills, bonds totalling EGP 119.5bn - Dailynewsegypt

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english.ahram.org.eg/News/522041.aspx

Apr 21

A new push on cars - Economy - Al-Ahram Weekly: Favourable economic conditions are likely to drive prices down and sales up in Egypt’s automobile market

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english.ahram.org.eg/NewsContent/3/12/522069/Business/Economy/Egypt-aims-to-accelerate-privatisation-programme,-.aspx

Apr 17

Egypt aims to accelerate privatisation programme, no int’l bond issuance in current FY23/24: Finance minister - Economy - Business

5 similar articles

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english.ahram.org.eg/NewsContent/3/14/520710/Business/Markets--Companies/US-dollar-depreciation-sparked--drop-in-car-prices.aspx

Apr 09

US dollar depreciation sparked 20% drop in car prices in Egypt: Experts - Markets & Companies - Business

thenationalnews.com/business/money/2024/04/09/how-inflation-and-high-interest-rates-have-reshaped-consumer-spending-in-mena/

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The National

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Apr 09

How inflation and high interest rates have reshaped consumer spending in Mena: Consumers in the region have become more price-sensitive and shifted expenditure ...

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english.ahram.org.eg/NewsContent/3/12/520662/Business/Economy/Egypt-budget-initial-surplus-jumps-over--folds-in-.aspx

Apr 08

Egypt budget initial surplus jumps over 8.5 folds in 1st 9 months of FY2023/2024: Finance minister - Economy - Business

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dailynewsegypt.com/2024/04/07/mid-bank-increases-interest-rates-on-triple-certificates/

Dailynewsegypt Apr 07

MID Bank increases interest rates on triple certificates - Dailynewsegypt: Bank keen on providing various savings vessels to attract new customers: Shahin

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english.ahram.org.eg/NewsContent/3/12/520537/Business/Economy/Egypt-banks-to-close-for-six-days-for-Eid-AlFitr.aspx

Apr 05

Egypt banks to close for six days for Eid Al-Fitr - Economy - Business: The Central Bank of Egypt (CBE) has announced that banks operating in Egypt will be ...

Quick Glance: Dubai offers free parking during Eid Al Fitr holidays

During the Eid Al Fitr holidays, the Roads and Transport Authority (RTA) in Dubai is offering free parking, excluding multi-level parking terminals.

From Ramadan 29 until Shawwal 3, all public parking in Dubai will be free of charge before tariffs resume on Shawwal 4.

If the crescent moon is sighted on Monday, it signifies the last day of Ramadan and the start of Eid Al Fitr on Tuesday, April 9. Free parking will be available until April 11.

In the event that the moon is not sighted, the holy month will span 30 days with the Islamic festival taking place on April 10. Shawwal 3 falls on April 12, providing six days of free parking before tariffs resume on Saturday, April 13.

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Apr 05

Egypt banks to close for six days for Eid Al-Fitr - Economy - Business: The Central Bank of Egypt (CBE) has announced that banks operating in Egypt will be ...

english.ahram.org.eg/NewsContent/3/12/520537/Business/Economy/Egypt-banks-to-close-for-six-days-for-Eid-AlFitr.aspx

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english.ahram.org.eg/NewsContent/50/1202/520391/AlAhram-Weekly/Economy/EgyptIMF--A-major-step-forward.aspx

Dailynewsegypt Apr 01

Egypt to receive about $1.3bn for each remaining tranche: IMF Read more: IMF expects completion of Egypt's next review by June, $820m disbursement expected - Dailynewsegypt

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Apr 06

Egypt-IMF: A major step forward - Economy - Al-Ahram Weekly: IMF Mission Chief for Egypt Ivanna Vladkova Hollar discusses the fund’s agreement with Egypt and ...

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Dailynewsegypt Mar 25

Egypt unveils initiative to slash prices of essential goods by 15-20% Read more: Egypt unveils initiative to slash prices of essential goods by 15-20% - Dailynewsegypt

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Dailynewsegypt Mar 31

CBE introduces new controls for updating customer data in banks Read more: CBE introduces new controls for updating customer data in banks - Dailynewsegypt

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egyptianstreets.com/2024/03/23/dsl-internet-price-hikes-spark-outrage-in-egypt/

Mar 23

DSL Internet Price Hikes Spark Outrage in Egypt: When Abdelsalam Mohamed, a 29-year-old Egyptian woman, tried to renew her home internet package to continue ...

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Dailynewsegypt Mar 31

CBE approves capital increase for Banque du CaireRead more: CBE approves capital increase for Banque du Caire - Dailynewsegypt

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egyptianstreets.com/2024/03/10/egypts-inflation-hits-record-high-of-36-percent-as-prices-soar/

Mar 10

Egypt’s Inflation Hits Record High of 36 Percent as Prices Soar: According to recent data released by the Central Agency for Public Mobilization and Statistics ...

7 similar articles

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EgyptToday Mar 20

President Abdel Fatah al-Sisi was briefed Wednesday on indicators of the country's economic performance in light of the recent inflow of funding and ... Show more

english.ahram.org.eg/News/519698.aspx

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Dailynewsegypt Mar 21

Egypt raises fuel prices: Price of 80-octane petrol will rise by EGP 1 to EGP 11 per litre, while 92-octane and 95-octane petrol will increase by EGP 1 each to ... Show more

Egypt raises fuel prices by 9-22% to align with global market, currency reforms - Dailynewsegypt

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Mar 25

World Bank support for Egypt - Economy - Al-Ahram Weekly: World Bank Country Director for Egypt, Yemen, and Djibouti, Stephane Guimbert, explained the bank’s ...

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Mar 06

Egypt’s Central Bank Orders Removal of Credit Card Foreign Spending Limit: The Central Bank of Egypt (CBE) directed banks to remove foreign spending limits on ...

egyptianstreets.com/2024/03/06/egypts-central-bank-orders-removal-of-credit-card-foreign-spending-limit/

2 similar articles

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Dailynewsegypt Mar 24

NilePreneurs delivers 430,000 advisory services to 147,000+ projects via 110 BDS Hubs: CBE Read more: NilePreneurs delivers 430,000 advisory services to 147,000+ projects via 110 BDS Hubs: CBE - Dailynewsegypt

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english.ahram.org.eg/News/519335.aspx

EgyptToday Mar 06

Central Bank of Egypt holds a press conference to discuss recent decisions and updates on IMF deal#Egypt #Business | #مصر #الجنية #الدولار #عاجل #البنك #البنك_المركزي #الصرف ... Show more

1:10:01

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Mar 21

The Central Bank of Egypt (CBE) decided to cancel the scheduled meeting of the Monetary Policy Committee on Thursday in light of the sufficiency of the special ... Show more

Central Bank of Egypt cancels scheduled Monetary Committee Policy meeting on Thursday - Economy - Business - Ahram Online

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Mar 24

Past devaluations - Egypt - Al-Ahram Weekly: The Central Bank of Egypt’s landmark decision to float the Egyptian pound was the latest in a long history of ...

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egyptianstreets.com/2024/03/06/egypt-signs-new-expanded-usd-8-million-imf-loan-agreement/

Dailynewsegypt Mar 20

Madbouly cites economic reforms, international support as pillars of Egypt’s solidity Read more: Madbouly cites economic reforms, international support as pillars of Egypt’s solidity - Dailynewsegypt

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Mar 06

Egypt Signs New Expanded USD 8 Million IMF Loan Agreement: Egypt announced on Wednesday that it had signed an expanded loan program with the International ...

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Mar 20

Economic outlook brightens - Economy - Al-Ahram Weekly: World Bank and the European Union financing packages leave officials upbeat about the economy ...

english.ahram.org.eg/News/519699.aspx

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Mar 09

Moody’s Raises Egypt’s Credit Outlook To Positive Following IMF Deal: Moody’s Credit Ratings Agency raised Egypt’s credit outlook to positive from negative in ...

egyptianstreets.com/2024/03/09/moodys-raises-egypts-credit-outlook-to-positive-following-imf-deal/

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Mar 23

Economic outlook brightens - Economy - Al-Ahram Weekly: World Bank and the European Union financing packages leave officials upbeat about the economy ...

english.ahram.org.eg/News/519699.aspx

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english.ahram.org.eg/News/519133.aspx

Mar 09

Sisi explain rationale behind currency float, cites secured funding - Politics - Egypt

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egyptianstreets.com/2024/02/29/egypts-central-bank-already-received-a-portion-of-funds-from-ras-el-hekma-sisi/

Dailynewsegypt Mar 06

The Central Bank of Egypt declares: Unifying the exchange rate is a critically important measure to address the accumulation of demand for foreign currency ... Show more

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Feb 29

Egypt’s Central Bank Already Received a Portion of Funds from Ras El Hekma: Sisi: Egyptian President Al-Sisi announced that initial funds from the UAE for the ...

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egypttoday.com/Article/3/130951/Engineer-Tamer-Gad-Allah-the-Chairman-of-the-Eastern-Company

EgyptToday Mar 12

Engineer Tamer Gad Allah, the Chairman of the Eastern Company on Egypt's Achieved Gains from the Deal to Sell a Stake in Eastern Company

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Mar 01

Egypt secures first tranche of $15 billion from Ras El Hekma deal: Cabinet Read more Egypt secures first tranche of $15 billion from Ras El Hekma deal: Cabinet - Economy - Business - Ahram Online

egypttoday.com/Article/3/130952/JPMorgan-anticipates-2-hike-in-interest-rates-by-CBE

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EgyptToday Mar 12

JPMorgan anticipates 2% hike in interest rates by CBE : Furthermore, JPMorgan's analysts have revised their stance, stating that they no longer anticipate ...

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Feb 24

Explainer: All you need to know about the landmark multibillion-dollar Egypt-UAE Ras El-Hekma deal - Economy - Business

english.ahram.org.eg/News/518290.aspx

Quick Glance: Egypt Secures $35bn Deal with UAE for Ras el-Hekma

Egyptian PM announces agreement for urban development in Ras el-Hekma with UAE.

Egypt will pay $35bn for the project, receiving $15bn upfront and $20bn within two months.

The development will include residential areas, resorts, schools, universities, and more.

Critics raise concerns over the sale of valuable coastal land to foreign investors.

37 similar articles

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Dailynewsegypt Mar 07

Dollar soars to EGP 49.5 on first day of exchange rate liberalisation Read more: bitly.ws/3fed9

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Mar 09

Moody’s raises outlook on Egypt to positive amid game-changing economic measures Read more Moody’s raises outlook on Egypt to positive amid game-changing economic measures - Economy - Business - Ahram Online

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egyptianstreets.com/2024/03/05/egypt-to-release-goods-at-ports-in-effort-to-stabilize-prices-and-alleviate-currency-shortage/

Mar 05

Egypt to Release Goods at Ports in Effort to Stabilize Prices and Alleviate Currency Shortage

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Dailynewsegypt Mar 06

Central Bank of Egypt has started providing dollars in large quantities through banks to cover import operations: CBE Governor

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egypttoday.com/Article/3/130912/Egyptian-Customs-authorizes-release-of-780M-commodities

EgyptToday Mar 10

Egyptian Customs authorizes release of $780M commodities : The goods were distributed as follows: $280 million on Thursday and $500 million on Friday.

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Mar 04

Egypt seeks ‘immediate’ release of goods at ports after Ras El-Hekma deal - Politics - Egypt

english.ahram.org.eg/News/518809.aspx

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Dailynewsegypt Mar 06

The Central Bank of Egypt announces a 6% interest rate hike in a single stride during today's extraordinary meeting. #CentralBank #Egypt #InterestRates

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Dailynewsegypt Mar 06

Central Bank of Egypt didn’t and will not target a specific exchange rate: Governor Hassan Abdalla

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ft.com/content/bee16520-abf1-45c5-90c1-00128fe9f426

Financial Times

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Feb 23

Abu Dhabi steps in to ease Egypt’s currency crisis with $35bn investment : Cash for Mediterranean development could unlock IMF deal for most populous Arab ...

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Dailynewsegypt Feb 29

Egypt received $5bn from the first payment of Ras El-Hikma project, another $5bn to follow on Friday. Coordination underway with the Central Bank of Egypt to ... Show more

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Mar 08

Moody’s raises outlook on Egypt to positive amid game-changing economic measures - Economy - Business

english.ahram.org.eg/NewsContent/3/12/519070/Business/Economy/Moody%E28099s-raises-outlook-on-Egypt-to-positive-amid-g.aspx

3 similar articles

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Dailynewsegypt Mar 03

Banking sector contributes EGP 2bn to CSR projects in 2023: CBE Read more: bitly.ws/3eNsr

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Dailynewsegypt Mar 12

Stock market outlook post-interest rate hike: Positive prospects Read more: Stock market outlook post-interest rate hike: Positive prospects - Dailynewsegypt

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english.ahram.org.eg/NewsContent/3/12/520445/Business/Economy/Egypt;s-NIRs-reach--bln-in-March--the-highest-sinc.aspx

Apr 03

Egypt's NIRs reach $40 bln in March - the highest since February 2022 - Economy - Business

thenationalnews.com/mena/egypt/2024/03/07/egypt-imf-bailout-currency-reaction/

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The National

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Mar 07

'What more could we lose?' Egyptians react to IMF bailout and plunging currency: Citizens worry about their savings and another financial crisis despite experts' ...

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Mar 30

IMF approves Egypt's $8bn loan package to boost its economy: Package includes additional $5bn to the December 2022 deal and immediate disbursement of $820m

thenationalnews.com/business/economy/2024/03/30/imf-loan-programme-for-egypt-expanded-to-8bn-to-boost-its-economy/

11 similar articles

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english.ahram.org.eg/News/518861.aspx

Mar 05

Egypt initiates process to privatize airports management and operation: Cabinet - Economy - Business

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Apr 02

EGP current price is golden chance for 'Made in Egypt' to compete globally: Experts - Economy - Business

english.ahram.org.eg/News/520281.aspx

dailynewsegypt.com/2024/04/01/egypt-prime-minister-follows-up-on-asset-monetization-programme/

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Dailynewsegypt Apr 01

Egypt Prime Minister follows up on Asset Monetization Programme - Dailynewsegypt: Egyptian Prime Minister Mostafa Madbouly convened a meeting on Monday at the ...

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Dailynewsegypt Feb 26

Financial inclusion reaches 70.7% in 2023: CBE Read more: bitly.ws/3eceC

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middleeasteye.net/news/ras-ghamila-egypt-about-sell-prime-red-sea-area-saudi-arabia

Middle East Eye

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Feb 26

Is Egypt about to sell a prime Red Sea area to Saudi Arabia?: After a $35bn deal with the UAE to develop Ras el-Hekma, Cairo seems close to agreeing a $15bn ...

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EgyptToday Feb 29

Even with the Ras El Hikma investment, Egypt still needs the support of the international Monetary Fund (IMF) or risk going back to square one on the path of ... Show more

Even with Ras El Hikma deal, Egypt needs IMF's support: Capital Economics - EgyptToday

4 similar articles

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Dailynewsegypt Mar 27

Recent CBE decisions poised to reshape local real estate market: Savills EgyptRead more: Recent CBE decisions poised to reshape local real estate market: Savills Egypt - Dailynewsegypt

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english.ahram.org.eg/NewsContent/3/12/518263/Business/Economy/Egypt-signs-historic-multibilliondollar-Ras-El-Hek.aspx

Feb 26

Egypt signs historic multibillion-dollar Ras El Hekma North Coast development deal with UAE - Economy - Business

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Mar 27

Big money bailout - Economy - Al-Ahram Weekly: Niveen Wahish examines Egypt’s economic prospects following the recent wave of investment and financing pledges

english.ahram.org.eg/NewsContent/50/1202/520035/AlAhram-Weekly/Economy/Big-money-bailout.aspx

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egyptianstreets.com/2024/02/11/visa-and-egypt-agree-to-establish-remittances-transfer-service/

Feb 11

Visa and Egypt Agree to Establish Remittances Transfer Service: Visa inked a memorandum of understanding (MoU) with the Egyptian Banks Company (EBC) ...

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Dailynewsegypt Feb 25

Egyptian PM orders swift release of goods from customs to curb inflationRead more: bitly.ws/3e8tS

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english.ahram.org.eg/News/519331.aspx

Mar 23

Dealing with dollars - Egypt - Al-Ahram Weekly: Last year the black market was the main source of dollars for importers and businessmen Dive straight into the ...

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english.ahram.org.eg/NewsContent/3/12/518180/Business/Economy/Egypt-to-establish-a--million-medical-and-educatio.aspx

Feb 22

Egypt to establish a $300 million medical and educational project in Shorouk City - Economy - Business

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Feb 14

Encouraging news from the IMF Recent statements about Egypt’s loan arrangements with the IMF have relieved many observers ... Show more

Encouraging news from the IMF - Egypt - Al-Ahram Weekly - Ahram Online

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dailynewsegypt.com/2024/02/18/suez-canal-bank-achieves-record-growth-rates-across-all-sectors-refaie/

Dailynewsegypt Feb 21

Suez Canal Bank achieves record growth rates across all sectors: Refaie - Dailynewsegypt

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Feb 22

Financial inclusion rates surge to 70.7% by end 2023: CBE - Economy - Business: The Central Bank of Egypt (CBE) released the core set of financial inclusion ...

english.ahram.org.eg/NewsContent/3/12/518198/Business/Economy/Financial-inclusion-rates-surge-to--by-end--CBE.aspx

egyptian-gazette.com/egypt/pm-wbs-6-b-package-to-support-economic-reforms/

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Egyptian Gazette Mar 19

PM: WB’s $6 b package to support economic reforms: Egyptian Prime Minister Moustafa Madbouli lauded the World Bank's $6 billion financial package for ...

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Dailynewsegypt Mar 19

EGP 283.3bn net profits for banks in Egyptian market in 2023: CBE Read more: EGP 283.3bn net profits for banks in Egyptian market in 2023: CBE - Dailynewsegypt

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Dailynewsegypt Mar 17

Foreign currency inflows rise in banks, exchange offices following EGP liberalisation Read more: Foreign currency inflows rise in banks, exchange offices following EGP liberalisation - Dailynewsegypt