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Moreover, the most prominent issues the market faced last year was liquidity and low purchasing power. Real estate stakeholders expect that it will be one of the challenges that will face the market in the new year due to high prices of services with fixed wages.
The proceeds of the tender goes to repay a previous tender offered on 8 January 2019 worth $845.1m
New board includes financial, legal, technological and economic expertise alongside the governor, deputies
The proceeds of the tender goes to repay a previous tender worth $845.1m offered on 8 January 2019
The road is now more paved than ever for the CBE to follow inflation targeting, says analyst
EGP 306bn increase in the total financial position of banks to reach about EGP 5.822trn
To return to 2010 Egypt’s tourism revenue rates, country must diversify tourism markets, with more cooperation between Tourism and Civil Aviation Ministries
Top five banks hold 48.98% of total profits, and biggest 10 gain EGP 42.13bn
After four interest cuts since the beginning of 2019, analysts and bankers have different expectations of MPC’s decision
CIB, QNB, Credit Agricole, and ADIB are the main beneficiaries of the decision
The CBE decided to keep the maximum for personal housing loans at 40% of the total monthly income.
We expect annual inflation to rise in December to 7.3%, which is much less than the CBE’s target, in line with the monetary easing policy, says Monette Doss
The ECG said that the CBE headquarters in the NAC will be built on an area of 130,000 sqm.
Moreover, the remittances of Egyptian expats in September hiked about $2.3bn, recording a month-over-month increase of 33.2%, equivalent to $581.2m, compared to about $1.8bn in August. It also recorded a year-over-year increase of 32.8% compared to September 2018, the CBE added.
Why the US dollar broke the EGP16 barrier and where to next?
Bank to exempt pre-2011 defaulters in tourism sector from marginal interests on their loans
One-third of bank’s customers has beem registered in its e-services
Annual headline Inflation rose to 2.7% from 2.4% in October
The initiative will benefit about 96,000 factories that meet the conditions for the initiative: says deputy governor of the CBE
CBE floated five bill tranches worth $5.1432bn in 2019
Directives from president to allocate EGP 100m for industry sector, EGP 50bn for medium housing with 10% interest
Gold reserves decline, SDR countered FX hike, curbing net foreign reserves increase to $107m in November, according to CBE
The initiative is expected to be announced next Wednesday
Ayman Hussein, Sub Governor of CBE for Payment Systems and Information Technology, said “Financial technology and its applications contribute to financial inclusion,” adding that there is a fruitful cooperation between the CBE and the Ministry of Communications, where technology has become an important role in the banking sector.
277,000 customers in 15 banks and eight mortgage finance companies are to benefit from the service when fully implemented
CBE under Amer succeeded in managing the files of monetary policy and exchange market, which reflected positively on the performance of the national economy as a whole, say bankers
Amer, whose term ends this week, was appointed in 2015, succeeding former governor Hisham Ramez.
According to the CBE’s Sunday statement, they selected the duo out of five investment banks that were bidding for the role.
CBE accepts $1.56bn worth offers from 33 investors with interests ranging between 3.55-3.6%
Government, investors, and EGX are the most beneficiaries from the decision, while bank depositors are the most harmed