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Farmer’s syndicate head calls on CBE for bank loan extension
Farmer’s Syndicate head Hussein Abdel Rahman called on the Central Bank of Egypt (CBE) to extend the deadline for its…
Egypt’s CBE extends its tourism rescue initiative until December 2019
The Central Bank of Egypt (CBE) has granted a one-year extension to its tourism rescue initiative for investors and businesses…
Central Bank of Egypt could raise ceiling for mobile lending
The CBE is studying raising the credit ceiling for mobile nano-lending to EGP 1000-1500, up from EGP 500 currently, banking…
Egypt raises USD 1.1 bn in one-year USD-denominated T-bills
Egypt raised USD 1.1 bn from the sale of one-year USD-denominated T-bills at an average yield of 3.747% in an…
State-owned banks won’t be able to prop up the EGP for much longer than “a few more months at most” -Capital Economics
State-owned banks won’t be able to prop up the EGP for much longer than “a few more months at most,”…
Egypt’s CBE extends loan grace period for Sinai tourism investors by one year
CBE Governor Tarek Amer has granted a one-year extension to the grace period for outstanding loans South Sinai tourism investors…
What we’re tracking on 04 December 2018
The central bank’s parallel FX repatriation mechanism ends today for new portfolio investments. “The decision applies on any fresh foreign…
CBE sells EGP 18.2 bn treasury bills
Egypt sold EGP 18.2 bn in treasury bills on Sunday, according to the central bank’s website. The sale included EGP…
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