Crédit Agricole, Beta Egypt Sign Cooperation Protocol

Crédit Agricole Egypt signs a cooperation protocol with Beta Egypt for Urban Development, Invest-Gate reports.

Egypt’s Ministers and CBE’s Officials Discuss Facilitating Real Estate Financing Procedures

Assem El Gazzar, Minister of Housing, Utilities and Urban Communities, and Omar Marwan, Minister of Justice, hold a meeting with the Central Bank of Egypt's (CBE) officials to discuss facilitating real estate fina ...

CBE Attracts More Than EGP 21 bn From T-Bills

The Central Bank of Egypt (CBE) has successfully secured more than EGP 21 bn in investments from the EGP treasury bills (T-Bills).

Egypt’s Account Deficit Falls, FDIs Jump in Q1 FY 2019/20

The Central Bank of Egypt (CBE) stated on December 26 that the country's current account deficit narrowed to USD 1.382 bn (EGP 22.53 bn) in the first quarter of FY 2019/20 from USD 2.012 bn (EGP 32.79 bn) in the p ...

CBE Raises Tourism Financing Package to EGP 50 bn

The Central Bank of Egypt (CBE) has announced on December 15 an extensive financing plan to boost the tourism sector with EGP 50 bn instead of EGP 5 bn

UAE Real Estate Prices Down for 4 Yrs: Central Bank

The UAE's central bank has confirmed that the country’s real estate sector continues to endure a downward trend in the 2018 prices of residential and commercial properties for four consecutive years, owing to the ...

Egyptian Mortgage Federation Launches New Program

Nagui Fahmy, chairman of the Egyptian Mortgage Federation (EMF) launched the Accredited Mortgage Program (AMP), set to take place on November 2, demonstrated the efforts exerted towards improving the mortgage fina ...

UAE Banks Invest AED 47.2 bn in Egypt in Q3 2018

The investment of UAE’s banks in Egypt reached AED 47.2 bn at the end of Q3 2018, logging a higher amount than those pumped into Saudi Arabia - which are estimated at AED 40 bn.

Central Bank of Egypt cuts interest rates by 100 basis points

Egypt cut interest rates by 100 basis points for the first time since the currency floatation back in November 2016, Egypt’s Central Bank (CBE) said on Thursday

Egypt Posts Higher Foreign Reserves End-January, Marking USD 38.209 bn

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, according to a Central Bank of Egypt (CBE) statement

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