The Medium, Small and Micro Enterprises Development Agency (MSMEDA) has injected about EGP 1.9bn loans and grants in Menoufiya, generating about 172,000 jobs for the youth of the governorate since the establishment of the agency in 1992 until the (...)
The Central Bank of Egypt (CBE) issued directives on Wednesday to the banks operating in the Egyptian market regarding protecting clients' rights. This was the first time that such directives are issued in the Egyptian market.
The concept of (...)
Egypt's outstanding dollar and euro-denominated bonds reached $23.2bn and €2bn respectively so far on international markets.
The maturities of the dollar bonds ranged between five and 30 years, and between eight and 12 years for euro bonds.
Before (...)
Following the Central Bank of Egypt's (CBE) decision to cut interest rates by 1% on Thursday, the yields on Egypt's state treasury bonds launched by the Ministry of Finance saw a decline on Monday ranging between 0.65 and 0.89%.
On Monday, the CBE, (...)
The Central Bank of Egypt (CBE) paid the banks operating in the Egyptian market about EGP 114.4bn of interest on Deposit Operation, according to the bank's financial statements for the last fiscal year (FY) 2017/18 released on Sunday.
The CBE raised (...)
Following the Central Bank of Egypt's (CBE) decision to cut interest rates by 1%, the yields on Egypt's treasury bills launched by the Ministry of Finance saw a decline on Sunday ranging between 0.34 and 0.83%.
On Sunday, the CBE, on behalf of the (...)
International institutions account for 30.7% of Egypt's total foreign debts by end of June 2018, according to the Central Bank of Egypt (CBE).
In its recent monetary policy report, the CBE said that there are $23.1bn of debts owed to Arab countries, (...)
Banks operating in the Egyptian market will hold on Sunday high-level meetings of their asset-liability committees (ALCO) to discuss the fate of their deposit and loan interest rates after the Central Bank of Egypt's (CBE) decision to cut the basic (...)
Beltone said that the decision made by the Central Bank of Egypt (CBE) on Thursday is a bold decision which would revive investments in all sectors, however, it is still too early for a real recovery for private investment, which does not put (...)
The Nile Pioneers Initiative, funded by the Central Bank of Egypt (CBE), will be launched next Sunday by the Nile University (NU) in cooperation with banks, universities, and many local and international organisations in order to support (...)
Central Bank of Egypt's (CBE) Monetary Policy Committee will hold today its first meeting in 2019 to review the interest rates at the bank, the most important indicator of interest rates direction in the domestic market.
The base interest rate at (...)
The Industrial Development Bank (IDB) has signed a cooperation protocol with the governorate of Alexandria and the Mortgage Finance Fund (MFF) in order to fund low-income individuals' residential units in the governorate.
The new protocol aims to (...)
Thirty-three local and foreign investors offered to invest $1.074bn in a T-Bills tender posed by the Central Bank of Egypt (CBE) on Monday.
The CBE launched the tender on behalf of the Ministry of Finance for $1bn.
According to data obtained by (...)
Foreign banks operating in the Egyptian market reduced their investments in government treasury bills by EGP 13.8bn ($722m) in December 2018, according to the Central Bank of Egypt (CBE).
In its recent report, the CBE said that the balances of (...)
The Ministry of Finance revealed that the outstanding balance of treasury bills (T-Bills) and bonds (T-bonds) owed by the government until January 2019 reached EGP 1.856tn.
Banks working in the Egyptian market are considered the largest investors in (...)
The value of deposits at the banks operating in the Egyptian market increased by 15.3% at the end of November 2018, according to the Central Bank of Egypt (CBE).
The CBE stated in a recent report that deposits in the local currency increased by (...)
The Annual inflation rose to 12.2% by the end of January 2019, up from 11.1% at the end of December 2018, to mark an increase of 1.1%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS).
In a monthly report on inflation (...)
The Central Bank of Egypt (CBE) held on Thursday a workshop in order to introduce the benefits and the mechanism of the Regional Payment and Settlement System (REPSS), as part of its efforts to activate the electronic link system between Egyptian (...)
Despite the importance of the agricultural sector to the state, it comes at the bottom of the concerns of the banks operating in the Egyptian market in terms of financing, compared to what the banks provide in huge funds to the government, and to a (...)
Banks operating in the Egyptian market have run out of the EGP 20bn earmarked for the Central Bank of Egypt (CBE) mortgage initiative for low and middle-income categories launched in February 2014.
The CBE has launched the initiative with the aim of (...)
A delegation from the National Bank of Egypt (NBE) headed by Yehya Aboul Fotouh, the deputy chairperson of the bank, paid a field visit to the East Port Said Industrial Zone, which is currently under construction, as part of the bank's plan to (...)
The Central Bank of Egypt (CBE) said that the remittances of Egyptian expatriates increased by $1.2bn to $23.3bn during the period from January to November 2018, compared to $22.1bn in the same period in 2017, a 5.7% growth.
The remittances are (...)
The price of the US dollar has seen a state of stability against the Egyptian pound in the Central Bank of Egypt (CBE) and the banks working in the Egyptian market on Tuesday, following a decline which continued for two days when the dollar lost 30 (...)
The dollar exchange rate continued its decline against the pound on Monday for the second day in a row and lost about 7 piasters of its value.
The US currency lost more than 22 piasters of its value to the Egyptian pound on Sunday, recording its (...)
The Ministry of Finance revealed that the outstanding balance of treasury bonds (T-bonds) fell by EGP 10.404bn at the end of December 2018 to a total of EGP 675.962bn, from EGP 686.366bn at the end of November 2018.
In a recent report, the ministry (...)
