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Central bank resumes rate cuts with 100 bps move

Central bank resumes rate cuts with 100 bps move

The committee said its decision “reflects its updated assessment of inflation dynamics and outlook”

Net foreign assets narrow for first time in three months

Net foreign assets narrow for first time in three months

Good afternoon, friends, and congratulations on making it to the end of the week. We’re in for a hot weekend,…

Slim majority of analysts forecast rate cut on the back of easing inflation -EnterpriseAM poll

Slim majority of analysts forecast rate cut on the back of easing inflation -EnterpriseAM poll

Eight out of the 12 economists and banking experts we spoke to forecast a rate cut between 100-200 bps

Foreign reserves increase to USD 49.3 bn in August

Foreign reserves increase to USD 49.3 bn in August

PLUS- Rock Steel wants to set up a new EGP 1.5 bn factory in Beni Suef, producing a specific type…

EONS unveils New Cairo development with initial investments of EGP 10 bn

EONS unveils New Cairo development with initial investments of EGP 10 bn

PLUS- CBE allows banks to establish service units outside traditional branches

Tarek Fayed officially named CEO of United Bank

Tarek Fayed officially named CEO of United Bank

The announcement confirms earlier unconfirmed reports

CBE reveals new regulatory framework for foreign exchange bureaus to combat money laundering, other illicit activity

CBE reveals new regulatory framework for foreign exchange bureaus to combat money laundering, other illicit activity

Bureaus have six months to comply with the new framework

Net foreign assets hit fresh high of USD 18.5 bn in July

Net foreign assets hit fresh high of USD 18.5 bn in July

Commercial banks’ net foreign assets recorded a surplus of USD 7.99 bn in July

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