Saturday, May 31, 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

UAE-Pakistan travel: PIA relaunches direct flights from Dubai to Skardu

Pakistan International Airlines (PIA) announced on May 30 the re-launch of its direct service between Dubai International (DXB) airport...

Schengen visa scam in UAE: Fake travel agents charging Dh4,000, experts warn

With the summer travel season in full swing, UAE residents are being warned about fraudulent travel agents charging thousands of dirhams per person for...

Dubai: No private parking? Residents may need to pay Dh500 for a spot this summer

With the Eid Al Adha break starting next Thursday, many UAE residents preparing for summer travel are facing an unexpected hurdle - soaring private...

UAE introduces new service to verify academic degrees of private sector employees

A new digital project launched in the UAE will help verify the academic qualifications of private sector workers, authorities announced on Monday. The service...

UAE: Minimum bank balance requirement of Dh5,000 suspended

The Central Bank of the UAE on Tuesday asked banks not to increase the minimum balance requirement from Dh3,000 to Dh5,000 for retail customers. The...