CAIRO (Reuters) - Egypt's central bank is expected to lower overnight interest rates by a median of 175 basis points on Thursday, extending a reduction begun in April as inflation remains relatively ...

(Bloomberg) -- Egypt’s central bank eased foreign-currency restrictions in an attempt to clear a backlog of imports that’s contributed to soaring prices. Under the changes, lenders can now use ...

In an exclusive interview, Hassan Abdalla, governor of the Central Bank of Egypt, explains how the country spearheads its financial inclusion strategy for 2022–2025 to ensure broader access to ...

Egypt left interest rates unchanged, opting for caution after inflation unexpectedly quickened for the first time in five months.

CAIRO (Reuters) -Egypt's current account deficit more than doubled to $5.9 billion in July-September 2024, compared with $2.8 billion in the year-ago quarter, as Suez Canal revenues remain depressed, ...

CAIRO, Aug 28 (Reuters) - Lending to the government by Egypt's central bank continued to climb in the last fiscal year, according to the central bank's newly released annual budget, even as inflation ...

CAIRO, Oct 5 (Reuters) - The new governor of Egypt's central bank, Hassan Abdalla, has alerted Egyptian banks it may soon allow them to begin trading in non-deliverable forwards (NDFs) and derivatives ...

Profile Software, a leading financial solutions provider, has announced today that the Central Bank of Egypt (CBE) has selected Acumen.plus, the internationally implemented Treasury Management System, ...

CAIRO, Dec 22 (Reuters) - Egypt's central bank hiked overnight interest rates by a greater-than-expected 300 basis points on Thursday, warning that inflationary pressures were building. The rate hike ...

Hassan Abdalla'smain challenge will be to contain soaring inflation and balance foreign exchange rates. Late August, banker Hassan Abdalla stepped in to replace Tarek Amer as acting governor of the ...

Under Islamic Law and by religious decree, cryptocurrencies in Egypt are prohibited. The Central Bank of Egypt (CBE) warns against cryptocurrency activities. In 2019, in what seemed to be a change in ...

Last Wednesday, in a sign of the increasing financial and economic turmoil engulfing the brutal regime of Egypt’s military dictator Abdel Fattah el-Sisi, central bank governor Tareq Amer resigned. His ...