Egypt’s Annual Headline Inflation Up to 12.7% in January

The Central Agency for Public Mobilization and Statistics (CAPMAS) reported a rise in Egypt's annual headline inflation rate to 12.7% in January 2019 from 12% in December 2018.

Egypt’s Foreign Reserves Rise to USD 42.6 bn by January-End: CBE

The Central Bank of Egypt (CBE) announced on February 5 that net foreign reserves rose to USD 42.616 bn by the end of January 2019, compared to USD 38.2 bn in the prior-year period.

Gov’t Seeks Extending Mortgage Finance

Egypt’s Ministry of Housing is currently studying other alternatives for the state’s limited mortgage finance system, taking into account the initiatives and suggestions proposed by some real estate developers, in ...

Egyptian Expats’ Remittances Up 5.7% in 11 M: CBE

The Central Bank of Egypt (CBE) has announced that remittances from Egyptian expats, one of the country’s main sources of foreign currency, hiked by 5.7% - or USD 1.2 bn - in the first 11 months of 2018 to USD 23. ...

Net FDIs in Real Estate Reach USD 237.4 mn: CBE

Investments in the oil and real estate sectors accounted for the lion’s share of net foreign direct investments (FDIs) in Egypt during the first quarter of FY 2017/18.

Annual Headline Inflation Drops to 12% in December: CBE

The Central Bank of Egypt (CBE) has announced that Egypt's annual headline inflation rate fell to 12% in December 2018, down from 15.7% in November of the same year, following a decrease in fruits and vegetable pr ...

Egyptian Expats’ Remittances Rise 8% in 10 M

The Central Bank of Egypt (CBE) has announced that remittances from Egyptian expats, one of the country’s main sources of foreign currency, rose 8% YoY during the first ten months of 2018 to reach USD 21.4 bn, up ...

November Inflation Logs Biggest Drop Since 2015

Egypt's annual headline inflation rate declined in November, logging the steepest fall in three and a half years that has reversed an upward trend and recorded 15.7% from 17.7% in October, according to state stati ...

CBE to End Forex Repatriation Mechanism on December 4

The Central Bank of Egypt (CBE) decided on November 28 to terminate the foreign exchange repatriation mechanism, starting from December 4, for new portfolio investments

Egyptian Expats’ Remittances Grow 20.4% YoY in September: CBE

The Central Bank of Egypt (CBE) has announced that remittances from Egyptian expats, one of the country's main sources of foreign currency, jumped by 20.4% YoY in September to reach USD 1.8 bn, up from USD 1.5 bn ...

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