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Annual Egyptian imports are less than $80bn, of which luxury imports are $500m
CBE issued an important Financial Soundness Indicators report; loans to deposits ratio boosted to 41.4%
The pound is expected to officially jump to EGP 8.30 before May 2016, says Dcode
Market awaits CBE’s next step; analysts believe July’s stability will be repeated
According to CBE, the total deposits growth rate of banks in July was about 18.5%. The growth rate of deposits in EGP amounted to about 19.5%, while the growth rate of foreign currency was 14.1%.
Price reaches EGP 8.40 in black market, which is in complete paralysis in anticipation of the central bank’s next steps
Government forecasts on the deficit will not be achieved and will jump to 10.2%, and debt allocations will increase further, says Farid
The rate of banknote issuance reached about 15.06% of GDP in June 2014, marking its highest level in the last four years, while it registered its lowest level in November 2014 when it recorded 12.17% of GDP.
According to CBE, foreign investors were the second largest investors in Egyptian treasury bills, following public banks, before January Revolution.
EU countries acquired 33.5% of total Egyptian exports by end of Q3 of FY 2014/2015
FDI in Egypt increased to $6.4bn the past FY
New maximum wage sets wages at 50% less than original wages, resigned NBE official says
The county’s corruption levels shows no improvement from its 2012 score
The Central Bank of Egypt (CBE) announced Monday that Egypt’s balance of payment totalled USD eight billion during the 2011/2012 fiscal year, compared to a surplus of $571.2 million in the previous fiscal year. The decline was attributed to reduced tourism profits and the current political atmosphere in Egypt and the region. CBE reported that …