Foreign Reserves Rise to USD 45.457 bn in January: CBE
Egypt’s net foreign reserves hit $45.457 bn at the end of January, from $45.42 bn in December, Invest-Gate reports.
Egypt’s Annual Urban Inflation Rises to 3.6% in November
The Central Agency for Public Mobilization and Statistics (CAPMAS) has revealed that Egypt's annual urban consumer price inflation rate increased for the first time in five months to reach 3.6% in November from 3. ...
CBE Makes 3rd Interest Rate Cut Amid Low Inflation Rates
The Central Bank of Egypt (CBE) has made the third consecutive cut to key rates by 1%, a step coming shortly after the annual headline inflation rate hit its lowest level in 14 years and logged 3.1% in October, co ...
Headline Inflation Falls in September to Ease More Interest Cuts
Egypt’s annual headline inflation rate plummeted to 4.8% in September, compared to 7.5% a month ago, and remained almost stationary on a month-on-month basis, easing to its lowest hit since November 2012 and chart ...
CBE Makes 2nd Consecutive Cut to Interest Rates
The Central Bank of Egypt (CBE) made the second consecutive cut to key rates by 1% (100 bps), driven by the declining inflation rates, which hit a six-year low in August, alongside the falling unemployment and soa ...
August Headline Inflation Hits Lowest Since January 2013
Egypt’s annual headline inflation rate fell to a six-and-a-half-year low in August, registering 7.5% from 8.7% in July, opening the way for further rate cuts by the Central Bank of Egypt (CBE).
Foreign Reserves Hit All-Time High of USD 45 bn in August: CBE
The Central Bank of Egypt (CBE) has revealed that nearly USD 53 mn were added up to the country's net foreign reserves in August, logging USD 44.969 bn from USD 44.917 bn in the previous month.
Moody’s Affirms Egypt Credit Rating at B2 Stable
Moody's Investors Service has kept Egypt's credit profile at "B2 stable," reflecting concerns over the government’s weak, but gradually improving, finances and fiscal metrics, which shall boost annual growth to 6% ...
Egyptian Expats’ Remittances Jump 43% in May: CBE
The Central Bank of Egypt (CBE) said remittances of Egyptian expatriates, one of the country’s main sources of foreign currency, leaped to almost USD 3 (EGP 49.7) bn in May, up 43% from USD 2.1 (EGP 34.8) bn a mon ...
Egypt Draws Final USD 2 bn Tranche of IMF Loan
Egypt has received USD 2 bn from the International Monetary Fund (IMF), drawing the sixth and final tranche of the USD 12 bn, three-year loan program that kicked off back in November 2016
