Tag Archives: CBE

Egypt Independent “Egypt has joined the list of countries whose central bank has successfully managed the transition to cashless economy”, the Egyptian Cabinet’s Information and Decision Support Centre (IDSC) announced on Sunday. The announcement came through an infograph published by the IDSC on Sunday, entitled ‘Egypt is moving towards a …

Egypt Independent In celebration of International Women’s Day on 8 March, the Egyptian ‘National Council for Women’ (NCW), the Central Bank of Egypt (CBE), the European Union (EU), the Embassy of the Netherlands and ‘UN Women’ launched a project, on Thursday, to eliminate violence against women and advance women’s economic …

Doaa Moneim – Ahram Online “Increasing small-scale farmers’ production and improving their living standards are targeted by a recent World Food Programme (WFP) project, launched under the patronage of the Central Bank of Egypt (CBE)”, the CBE said on Thursday. The National Bank of Egypt and Banque Misr will provide …

Egypt Independent “The Egyptian law is going through a process of complete overhaul”, said the legal advisor to the Central Bank of Egypt Tamer al-Dakkak on Tuesday at the second session of the 7th annal Pafix Conference. He explained that “the overhaul began with the Cybercrime law, followed by the …

Doaa Moneim – Ahram Online The Monetary Policy Committee (MPC) at the Central Bank of Egypt’s (CBE) decided to keep overnight deposit rate, overnight lending rate and the rate of the main operation unchanged at 9.25%, 10.25% and 9.75%. The discount rate was kept unchanged at 9.75%. CBE said the …

Egypt Independent Egypt’s Ministry of Finance launched an initiative on Monday, which guarantees the payment of £E3 Billion allocated to local banks to lend tourist and hotel establishments. The sum will help cover operational costs and employee salaries during the novel coronavirus (COVID-19) outbreak, according to Minister of Finance Mohamed …

Doaa Moneim – Ahram Online The managing director of the International Monetary Fund (IMF) Kristalina Georgieva, said, “the IMF supports the Egyptian government’s aim to safeguard the significant gains of the economic reform programme under the completed three-year Extended Fund Facility”. Georgieva said on Sunday, “the Egyptian economy was hit …

Doaa Moneim – Ahram Online The Central Bank of Egypt (CBE) announced on Wednesday, raising the limit of daily cash withdrawals from ATMs to £E 20,000, up from £E 5,000, and from banks to £E 50,000, increased from £E10,000. The decision comes on the heel of an agreement with the …

Egypt Independent   The Central Bank of Egypt (CBE) set maximum limits for cash deposits and withdrawals on Sunday, as part of precautionary measures to counter the novel coronavirus (COVID-19). The bank said the daily limit for deposits and cash withdrawals in bank branches is £E10,000 for individuals and £E50,000 …

Egypt Today   “Egyptian President Abdel Fattah al-Sisi accompanied Belarusian President Alexander Lukashenko, in a tour at the New Administrative Capital, East of Cairo, on Thursday,” the Egyptian presidency said in a statement. Sisi and Lukashenko signed, four Memoranda of Understanding to foster relations between the two countries on Wednesday. …