3 Ministries Replace CBE’s Support for Financing Initiatives

The decree applies to the low-income mortgage initiative, the initiative supporting the tourism sector, the vehicles conversion initiative, the low- and middle-income mortgage initiative, and the modern irrigation ...

CBE Raises Key Interest Rates by 2%

The Central Bank of Egypt (CBE) announces on May 19th raising key interest rates by 2%, or 200 basis points, as the government attempts to deal with the negative economic repercussions of the Russian-Ukrainian war ...

El Batal Group Offers New Units Under Real Estate Financing Initiative by CBE

Under the real estate financing initiative by CBE, El Batal Group for Housing and Development announces offering units in its projects in the Fifth Settlement and Sixth October City for various segments at an inte ...

CBE Issues New Amendments to its Real Estate Financing Initiative

CBE amends some of the conditions of the real estate finance initiative for middle-income issued in December 2019,

City Edge Developments Cooperates with Credit Agricole for Mortgage Finance

City Edge Developments signs a cooperation protocol with Credit Agricole Bank, aiming at financing real estate units for medium housing through long-term loans with low interest rate, to ease financial burdens, an ...

Egypt’s Annual Inflation Headline Declines : Statement

Egypt’s annual inflation headline declines to its lowest since October reaching 5.4 % in December, down from 5.7% in November, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on Januar ...

Egyptian Expats’ Remittances Rise 19.6% From July to September: CBE

The Central Bank of Egypt (CBE) has uncovered that remittances sent home by Egyptian expats inched up by 19.6% YoY, or USD 1.3 bn (EGP 20.4 bn), during the first quarter of FY 2020/21.

Foreign Reserves Hit USD 39.2 bn by November-End: CBE

The Central Bank of Egypt (CBE) has announced that the country's net international reserves edged up to USD 39.2 bn by the end of November, marking a slight increase of USD 1.8 mn compared with October figures.

Egypt’s Stock Market Resumes Trading on CIB Shares

Egypt’s Stock Exchange has resumed trading Commercial International Bank (CIB) shares on October 25 after suspending it on October 23 at the request of the Financial Regulatory Authority (FRA)

Egypt’s Foreign Reserves Increase to USD 38.43 bn

Egypt's foreign reserves have increased to USD 38.425 bn at the end of September 2020 from USD 38.366 bn at the end of August, the Central Bank of Egypt (CBE) announced on October 7.

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