News / Egypt

CBE Raises Reserve Requirement on Deposits to 14%

The Central Bank of Egypt (CBE) said it will increase the reserve requirement on deposits to 14% from 10% for local banks

Egypt Records Higher Foreign Reserves at End-September

Egypt's net foreign reserves rose at the end of September 2017

SODIC Inks MoU to Develop Land in North Coast

Egyptian developer Sixth of October for Development & Investment Company (SODIC) signed a memorandum of understanding (MoU) to develop a new land in partnership with its owner

EBRD to Provide USD 28.5 mn Loan for Solar Plant in Aswan

The European Bank for Reconstruction and Development (EBRD) will provide a USD 28.5 mn loan for the construction of a 50 MW solar plant in Egypt’s Aswan governorate

Japanese Schools in Egypt See 20,000 Applicants

A total of 20,701 applicants have registered in the new Japanese schools in Egypt since registration opened on September 27

Egypt, Armenia Sign 7 Agreements To Boost Trade

Egypt and Armenia signed seven agreements on the sidelines of the fifth session of the Egyptian-Armenian joint cooperation committee, held in the Armenian capital Yerevan

Int’l Companies to Operate in Ain Sokhna Early 2018

A total of 21 international companies will begin operating in the Ain Sokhna industrial zone in January 2018

ARDIC to Launch “Zizinia El Mostakbal” Phase II Soon

The new phase of the residential project “Zizinia El Mostakbal,” located in Mostakbal City, will be launched this month

CBE Keeps Main Interest Rates on Hold

Egypt’s central bank said in a statement it left its main interest rates unchanged on Thursday at a meeting of its monetary policy committee

Egypt to Keep Customs Exchange Rate Unchanged for October

Egypt will keep its customs exchange rate unchanged

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