May 20, 2022

Central Bank of Egypt raises policy rates by 200 basis points

The Central Bank of Egypt announced Thursday it raised its key policy rates by 200 basis points, citing high commodity prices, Anadolu News Agency......

May 20, 2022

Egypt raises interest rates to arrest soaring inflation

The Central Bank of Egypt on Thursday raised its key interest rates by 200 basis points, the latest attempt by authorities to contain double-digit......

May 19, 2022

Egyptian pound devaluation boosted dollar revenues by 30%, CBE governor says

RIYADH: Egypt boosted its dollar revenues by about 30 percent after it devalued its own currency in March, according to the governor of the country’s......

May 18, 2022

HSBC launches $1B Female Entrepreneur Fund

ArabFinance: British multinational bank HSBC has launched Female Entrepreneur Fund with $1 billion worth of investments to finance female-owned businesses......

May 16, 2022

Ebank’s consolidated profit hikes 145.5% YoY in Q1

ArabFinance: Export Development Bank of Egypt (EBank) (EXPA) reported a 145.5% year-on-year (YoY) growth in consolidated net profit attributable......

May 12, 2022

USD loses more than 11 piasters, records EGP 18.3289 for purchase and EGP 18.4183 for sale

The Central Bank of Egypt (CBE) revealed that the USD’s ​​price fell by more than 11 piasters by the end of Wednesday’s trading,......

May 12, 2022

Egyptian National Railways Authority, Export-Import Bank of Korea agreement to upgrade Luxor-High Dam line approved

The Egyptian Cabinet announced in a statement this week that it approved a €51.518m- agreement (around $60.642m) between Egypt’s National......

May 9, 2022

CIB to get $20M facility from EBRD

ArabFinance: The European Bank for Reconstruction and Development (EBRD) is expected to provide a senior unsecured debt facility of $20 million to......

May 7, 2022

Us dollar nearing its highest price in 20 years

The US dollar index approached its highest level in 20 years against other major currencies, in Friday’s trading, as the US dollar boosted......

April 28, 2022

CBE to issue bid for local treasury bills denominated in USD, worth $1bn

The Central Bank of Egypt (CBE) will tender local treasury bills denominated in the USD worth $1bn for a period of 364 days that will be due on 2......