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Bank is launching its FinTech Hub, begins pilot phase in June
CBE accepts 24 offers worth $715m with 3.85-3.88% interest
Egypt’s ban of cryptocurrencies is due to be lifted, meaning companies that have the appropriate license from the Central Bank of Egypt (CBE) will soon be able to trade in cryptocurrency without fear of breaking any religious laws.
The Egyptian Real Estate Council proposed to set an interest rate of 8-12% on mortgage finance for middle-income housing units
A mini committee was formed including representatives of the CBE, banks operating in the Egyptian market, and real estate developers to discuss mechanism of the rules of facilitating mortgage finance.
Elfiky has a 35-year international experience in the fields of economic and financial consulting, training, scientific research, and applied studies in Egypt, Arab countries, and the United States.
Law grants CBE’s board right to issue regulation, circulation, dealing rules with such types of currencies, money
Decision comes complementary to previous efforts by CBE to support MSMEs, says Negm
Private enterprise sector denominates 60.8% of total facilities, with industry in lead
Banks such as IDB, ABE, ELAB, EBE do not fall under the specialised banks category, will not be exempted from EGP 5bn minimum capital: Negm
Expectations for US dollar to reach EGP 16.5
Fourteen countries account for 60.62% of Egypt’s foreign trade volume, led by China
Bank helps with restructuring Nilex, says Fink
The source explained, in a statement to the Middle East News Agency, that the law does not determine term limits for bank officials, including heads of banks and board members, pointing out that this applies to state-owned and private banks.
April’s inflation slowdown is temporary, may pick up again by end-May: analysts, investment banks
The CBE said in its monthly report on Tuesday that the domestic debt reached 78.2% of GDP.
Company expects CBE to continue trend toward reducing interest rate by end of Q3 or Q4 of 2019
It stipulates establishment of committee chaired by prime minister to maintain stability of state’s financial system
The average price of US dollar in banks reached EGP 16.99 for buying and EGP 17.09 for selling, according to the CBE
US currency is approaching EGP 17 against pound, as foreign exchange flows increase in Egypt
Amer witnesses signing cooperation protocol to train workers of banking sector in fields of information security, data analysis, financial technology, AI
Egypt’s external debt rose to $96.6bn by the end of December 2018, compared to $82.88bn by the end of December 2017, an increase of $13.7bn, according to Central Bank of Egypt (CBE) on Wednesday. The CBE added that long-term external debt recorded $86.3bn by the end of December 2018, an increase of $1.4bn from December …
CBE accepts 23 offers worth $1bn with 3.85-3.9% interest
Proposals include activating bonds market maker, allocating share of dealers to secondary trade, share for brokering companies
Municipalities in Egypt should have clear detailed budgets first to be qualified for issuing bonds
Local currency deposits up by EGP 88.1bn to EGP 2.531tn at end of March 2019
The United Bank of Egypt will be sold to a major US investment fund within three months, the Central Bank of Egypt’s (CBE) Governor Tarek Amer revealed on Monday. Amer told Daily News Egypt that the CBE will retain a stake in the bank, without revealing the size of this stake. The CBE owns 99.9% …
US dollar loses 2 more piasters on Sunday to take losses to 75 piasters since mid-January 2019
All bodies subject to this law shall comply with its provisions within six months from imposing its regulations
Troubled debts up to EGP 4bn to be settled over nine months, including EGP 929m for 11,404 clients in CBE, says El Kosayer