Central Bank of Egypt (CBE)

The Central Bank of Egypt (CBE) said that net foreign direct investments during the first quarter of 2021/2022 fiscal year hit 1.664 billion dollars against 1.605 billion dollars of the corresponding…
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The Central Bank of Egypt (CBE) said on Saturday that nearly 8,100 vehicles benefited from the initiative launched by the State to replace old vehicles with dual-fueled ones at a total of two billion…
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The Central Bank of Egypt (CBE) has revealed that the total financial position of banks working in the Egyptian market recorded EGP 8.954trn in November 2021, an increase of about EGP 1.006trn from…
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Remittances from Egyptians working abroad rose by 6.6 percent year-on-year from January to November 2021 to $28.9 billion, Egypt’s central bank announced.
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The Visa Everywhere Initiative (VEI) 2022, a global open innovation competition, powered by FinTech Egypt - an initiative by CBE-, is inviting Egyptian early-stage FinTech and payments startups to…
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The Central Bank of Egypt (CBE) has granted EGP 253 billion facilities to the private industrial sector by the end of December 2021, according to recently published data.
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The Central Bank of Egypt (CBE) launched an initiative to guarantee import operations by covering the risks associated with issuing documentary credits through banks, which will be issued starting…
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The Federation of Egyptian Banks announced the issuance of a directive from the Central Bank of Egypt (CBE), excluding all incoming express mail shipments and shipments up to $5,000 or its equivalent…
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The Central Bank of Egypt (CBE) decided this week to stop accepting documentary collection in the implementation of import operations and to work with documentary credits only.
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Egypt’s net foreign reserves inched up to $40.980 billion at the end of January from $40.934 billion at the end of December, a central bank data showed.
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