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Against expectations, Central Bank of Egypt cuts interest rates by 50 bps
Central Bank of Egypt surprises with first rate cut since March: The Central Bank of Egypt (CBE) cut interest rates…
Remittances rise 11% in July
Remittances from Egyptians working abroad rose 11% to USD 2.9 bn in July, up from USD 2.6 bn reported in…
Enterprise poll: Central Bank of Egypt to leave rates on hold in September 2020
ENTERPRISE POLL- CBE expected to leave rates on hold when it meets this Thursday: The Central Bank of Egypt (CBE)…
RenCap sees muted consumer demand keeping inflation below CBE target this year
RenCap sees muted consumer demand keeping inflation below CBE target this year: Inflation in Egypt should close out 2020 just…
What we’re tracking on 16 September 2020
It’s another busy news day as we hurtle toward the end of the week, so let’s get this show started.…
CBE asks banks to monitor Syrian accounts
The Central Bank of Egypt (CBE) has asked banks to monitor activity on accounts held by Syrian customers, Al Shorouk…
United Bank sale on ice until covid has passed
M&A WATCH- United Bank sale on ice until we fully emerge from pandemic: The sale of state-owned United Bank to…
Inflation to rise to 6.2% in 4Q- Amer
Amer sees slight uptick in inflation in the final quarter of the year: Egypt’s annual inflation rate is expected to…
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