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    European Union announces $8b aid package for Egypt

    European Union announces $8b aid package for Egypt

    17 Mar 2024

    The European Union (EU) on Sunday announced a 7.4 billion-euro ($8 billion) aid package for cash-strapped Egypt as concerns mount that economic pressure and conflicts in neighbouring countries could...

    Egypt CB raises interest rates by 600 basis points, pound tumbles

    Egypt CB raises interest rates by 600 basis points, pound tumbles

    06 Mar 2024

    Egypt’s central bank said on Wednesday that it had hiked interest rates by 600 basis points at an unscheduled meeting and that it would allow the exchange rate to...

    Egypt’s central bank raises key interest rates by 300 bps

    Egypt’s central bank raises key interest rates by 300 bps

    23 Dec 2022

    Egypt’s central bank hiked overnight interest rates by a greater-than-expected 300 basis points, warning that inflationary pressures were building. The rate hike may signal the central bank may be preparing...

    Egypt central bank chief quits, named presidential adviser

    Egypt central bank chief quits, named presidential adviser

    17 Aug 2022

    The governor of Egypt's central bank, Tareq Amer, resigned on Wednesday, state media reported. President Abdel Fattah Al Sisi accepted the resignation of Amer, who took up his post...

    Egyptian president appoints 13 new ministers in cabinet reshuffle

    Egyptian president appoints 13 new ministers in cabinet reshuffle

    13 Aug 2022

    President Abdel Fattah Al Sisi of Egypt announced a cabinet reshuffle on Saturday to improve his administration’s performance as it faces towering economic challenges stemming largely from Russia’s war...

    UAE, Egypt CBs enhance cooperation

    UAE, Egypt CBs enhance cooperation

    10 Jun 2021

    The Central Bank of the UAE (CBUAE) has signed a Memorandum of Understanding (MoU) with the Central Bank of Egypt (CBE) to strengthen supervisory cooperation. The MoU outlines the...

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