Annual headline Inflation rose to 2.7% from 2.4% in October
Latest by Hossam Mounir
CBE floated five bill tranches worth $5.1432bn in 2019
Directives from president to allocate EGP 100m for industry sector, EGP 50bn for medium housing with 10% interest
Ghanem has extensive banking experience of more than 33 years, during which he held various leadership positions in the banking sector.
Gold reserves decline, SDR countered FX hike, curbing net foreign reserves increase to $107m in November, according to CBE
The Bank offers banking products and services that meet the needs of different customers, says Okasha
The initiative is expected to be announced next Wednesday
The launch of mobile collections represents a first for HSBC-Middle East, says Blanchet
277,000 customers in 15 banks and eight mortgage finance companies are to benefit from the service when fully implemented
CBE under Amer succeeded in managing the files of monetary policy and exchange market, which reflected positively on the performance of the national economy as a whole, say bankers
Banque Misr’s portfolio of SMEs reaches EGP 26bn by the end of September 2019
Amer, whose term ends this week, was appointed in 2015, succeeding former governor Hisham Ramez.
15.1% increase in Egyptian exports to Sahel and Sahara countries to record $3.136bn
The bank aims to open more centres to expand MSMEs’ services across the country, says Fayed
According to the CBE’s Sunday statement, they selected the duo out of five investment banks that were bidding for the role.
CBE accepts $1.56bn worth offers from 33 investors with interests ranging between 3.55-3.6%
Government, investors, and EGX are the most beneficiaries from the decision, while bank depositors are the most harmed
The deposit portfolio stood at EGP 41.1bn, while the loan-to-deposit ratio was 57.1%, with total equity reaching EGP 6.6bn.
The bank ranked 90th in the world this year, based on 1.4 million employment recommendations from a global survey and regional surveys.
The proceeds of this issuance will be directed to repay the earlier T-Bills issuance launched by the CBE on 19 November 2018, valued at $1.703bn.
This step reflects the bank’s efforts in supporting the Egyptian economy, says Azab
The CBE has issued a 364-day T-Bills auction worth €695m, due on 10 November 2020. Later, the CBE said it received 49 offers worth €851.5m from local and foreign financial institutions to invest in the auction, of which 36 bids worth €695m were accepted.
It’s the highest foreign exchange reserves in Egypt’s history, covering more than eight months of commodity imports.
Banks issued 3.5m Meeza cards until end-October, says CBE Deputy Governor
Minister of Social Solidarity announces opening subscription on Tuesday
Remittances of Egyptians working abroad are one of Egypt’s most important foreign exchange resources.
Service sector received EGP 62.2bn banking funds, while industrial sector got EGP 43.1bn
Egypt’s imports scored $66.529bn, while exports reached $28.495bn between July 2018 and June 2019
FX reserves up by $25.618bn, exchange rate and inflation fall, and public debt rises
For the first time in the history of the game, the total women’s tournament awards reached $430,000, higher than its counterpart for men, which totalled $185,000.