Hisham Talaat Moustafa, prominent businessman and CEO of Talaat Moustafa Holding Group (TMG), warned on Wednesday that the current 32% interest rate is unsustainable for...
As part of the Central Bank of Egypt's efforts to support the transition towards a less cash-dependent society and to stimulate the expansion of electronic...
As part of its ongoing efforts to bolster the electronic financial services infrastructure, accelerate digital transformation, and foster a less cash-reliant society, the Central Bank...
For the first time since the exchange rate was liberalized, the US dollar surpassed the 50-pound mark in official transactions on Thursday morning. Several public...
In a continued effort to bolster regional banking relations and enhance economic cooperation with African nations, the Central Bank of Egypt has approved an agreement...
In a positive economic indicator, remittances from Egyptians working abroad surged by a significant 107.7% in September, reaching $2.7 billion.
President Abdel Fattah El-Sisi met, Monday, with Dr. Moustafa Madbouly, Prime Minister, and Hassan Abdullah, Governor of the Central Bank. During the meeting, they reviewed...
Morgan Stanley expects the Central Bank of Egypt to maintain interest rates unchanged at its Monetary Policy Committee meeting the coming Thursday.