Tuesday, May 6, 2025

Central Bank of Egypt

Central Bank of Egypt stabilizes interest rates despite the continued rise in inflation

The Central Bank of Egypt kept interest rates unchanged at its last meeting, despite continued high inflation rates. In its third meeting this year, the Monetary Policy Committee of the Central Bank of Egypt decided to keep interest rates unchanged,...

The Central Bank of Egypt withdraws 1.05 trillion pounds of bank liquidity to curb inflation

The Central Bank of Egypt withdrew a record amount of surplus bank liquidity in a historic weekly tender, with the aim of controlling inflation and lowering prices. The Central Bank of Egypt withdrew 1.050 trillion pounds from the surplus liquidity...

The Central Bank of Egypt eases cash restrictions for individuals and companies

The Central Bank of Egypt raises the maximum limit for cash withdrawals for individuals and companies from their bank accounts. Announce Egyptian Central Bank On Monday, the maximum limit for daily cash withdrawals for individuals and companies from their bank...

Central Bank of Egypt raises interest rates by 600 points to curb inflation

The Central Bank of Egypt's decision aims to absorb cash liquidity from the market and reduce demand for goods and services, which may contribute to reducing the inflation rate in the medium term. The Central Bank of Egypt held an...

Central Bank of Egypt issues regulations governing financing lease activity

The Central Bank of Egypt (CBE) has issued some regulations governing the financing provided by the banks to the financing lease firms, Al Mal News reported, citing the (CBE). As per the new regulations, the total direct and indirect credit...

Egypt’s net foreign reserves rise to $35.249 billion at the end of January 2024

Egypt's net foreign reserves rose to $35.249 billion at the end of January 2024, according to what the Central Bank of Egypt showed on Monday. Egypt's net foreign reserves at the end of last December amounted to about 35.219 billion...

Latest News

Sheikh Mohammed announces AI as mandatory subject in UAE schools

Dubai: The UAE Cabinet has approved the final curriculum to introduce Artificial Intelligence (AI) as a subject across all...

UAE lifts Lebanon travel ban, allows citizens from May 7

Abu Dhabi: The UAE will lift its travel ban on Lebanon, allowing Emirati citizens to visit the country starting May 7, 2025, the Ministry...

UAE weather: Slight temperature drop and dusty conditions expected

Dubai: Residents can expect clear to partly cloudy skies today, with a slight, gradual decrease in temperatures, especially along the coastal areas, according to...

Saudi Arabia’s Public Investment Fund issues 7-year dollar-denominated sukuk

Saudi Arabia's Public Investment Fund is heading to the international bond market for the second time this year. It started Saudi Public Investment Fund PIF...

MoHRE clarifies refund rules for domestic worker recruitment fees

Abu Dhabi: The Ministry of Human Resources and Emiratisation (MoHRE) has outlined the specific conditions under which domestic worker recruitment offices in the UAE...