CBE Keeps Overnight Interest Rates Unchanged

• Sunday, 26th August 2018
• by Invest Gate

The Central Bank of Egypt (CBE) decided to keep overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 16.75 %, 17.75 %, and 17.25 %, respectively

Egypt’s Inflation Drops, Surpasses IMF Prediction

• Monday, 11th June 2018
• by Invest Gate

Egypt's annual inflation rate dropped to 11.4% in May, down from 13.1% in April, the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed on Sunday, June 10, a larger fall than the International ...

Egypt Foreign Currency Inflows Up to USD 5.6 bn in January – CBE

• Tuesday, 6th February 2018
• by Invest Gate

The country’s foreign reserves reached USD 38.209 bn at the end of January 2018, compared to USD 37.019 bn at the end of December 2017

Foreign Currency Inflows Reach USD 80 bn Since Float

• Thursday, 16th November 2017
• by Invest Gate

Egypt’s banking system has witnessed foreign currency inflows worth USD 80 bn since the central bank floated the pound last year

CBE Keeps Main Interest Rates on Hold

• Sunday, 1st October 2017
• by Invest Gate

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

• Wednesday, 13th September 2017
• by Invest Gate

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

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

• Thursday, 12th January 2017
• by Yasmin El-Beih

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

CBE Announces Unified Conditions for Real Estate Financing

• Monday, 28th November 2016
• by Karim Mohy

The Central Bank of Egypt (CBE) has announced unified conditions that banks should abide by when providing real estate financing for citizens with limited incomes, according to a statement released by the CBE.

Real Estate Sector Struggles Under Current Mortgage Law

• Tuesday, 22nd November 2016
• by Karim Mohy

As the Egyptian government attempts to tackle the country’s affordable housing shortage, a number of officials and developers have put forth solutions to existing problems, reported Daily News Egypt.

Mortgage Finance Fund Loans Remain Steady Amid Interest Hikes

• Sunday, 6th November 2016
• by Karim Mohy

The loans provided by the Mortgage Finance Fund for real estate, targeting middle- and low-income citizens, will remain steady amid a 3% increase in key interest rates at banks, Mai Abdel Hamid, Chairman of Mortgage ...