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CBE sees growth gaining momentum, inflation averaging 15-16% in latest latest Monetary Policy Report
GDP growth is on track to gain momentum, reaching an average of 4.8% this fiscal year and 5.1% in FY…
Foreign reserves increase to USD 49 bn in July
PLUS- McDonald's is planning to invest EGP 1 bn in the local market by the end of 2026
Net foreign assets climb again, hit USD 14.9 bn in June
The CBE recorded a surplus of nearly USD 10.1 bn in June, up from USD 9.9 bn in May
Current account deficit narrows to USD 13.2 bn in 9M 2024-25
The non-oil trade deficit widened to USD 28 bn during the nine-month period
CBE holds interest rates steady
The central bank will be monitoring inflation risks and the impact of recent VAT amendments
Central Bank of Egypt holds interest rates steady
Good morning, friends, and happy weekend. While we may have gotten used to back-to-back long weekends, we plan on enjoying…
Could the CBE cut interest rates again?
Good morning, all. We lead today’s issue with the latest on the network disruptions following the Ramses data center fire,…
Cash withdrawal limits double and paper workflows are the order of the day for banks amid nationwide internet outage
ATM and online banking services are slowly returning to life in wake of Ramses data centre fire
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