CBE Sets 1% ‘Entrance Fee’ on FX Investments Via Repatriation System

The Central Bank of Egypt (CBE) says it will placing a 1% “entrance fee” on fresh foreign currency portfolio investments that enter through the repatriation mechanism starting from Sunday, December 3

Egypt’s Foreign Reserves Reaches Highest Level in its History

Egypt has recorded its highest levels of foreign reserves in its history at the end of October 2017

Remittances from Egyptian Expats Rises 40% in August YoY

The Central Bank of Egypt (CBE) said remittances from Egyptian expats rose 40% year-on-year in August

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

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’s Net FDI Rises 14.5% in FY2016/17

Egypt’s net foreign direct investment (FDI) increased 14.5% year-on-year in FY2016/17

CBE: USD 57 bn Cash Flow into Banks in 8 Months

Central Bank Governor Tarek Amer announces cash inflows into Egypt's banking system totalled over USD 57 bn since Egypt floated its currency in November, according to Reuters.

CBE Launches Initiative Worth EGP 30 bn to Support Micro Enterprises

The Central Bank of Egypt (CBE) launches an initiative worth EGP 30 bn to fund micro enterprises, Invest-Gate reports.

Housing & Development Bank Funds 50% of Egypt’s Social Housing Projects

The Housing & Development Bank (HDB) is currently financing 50% of social housing projects achieved to this day, Invest-Gate reports.

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