Banks in Egypt made a huge net profit of EGP 152.76 billion during the first quarter of 2025. This was made known in a report released by the Central Bank …
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Central bank of Egypt cancels maximum deposit limits, increases cash withdrawals to LE 150,000.
The Central Bank of Egypt (CBE) on Thursday canceled the maximum limits for deposit operations for individuals and companies in bank branches and automated teller machines (ATMs). The CBE also …
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Egypt’s central bank holds interest rates steady after a change of governor
The Monetary Policy Committee (MPC) decided, Thursday to keep the Central Bank of Egypt’s (CBE) interest rates unchanged for the second time in a row during the first meeting led …
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Sisi appoints Hassan Abdullah as acting governor of Egypt’s central bank
President Abdel Fatah El-Sisi issued Thursday a republican decree appointing Hassan Abdullah former Vice Chairman & Managing Director of the Arab African International Bank, as acting governor of the Central …
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Central Bank of Egypt collects EGP 100B from local banks
The Central Bank of Egypt (CBE) collected EGP 100 billion from local banks in the weekly open market operations (OMO) auction at a fixed rate of 11.75%, according to data published on …
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Egypt’s tourism revenues hike to $8.2B in 9 months
Egypt’s tourism revenues increased by $5.1 billion during the first nine months of the last fiscal year 2021/2022, on an annual basis, despite the negative effects of the absence of …