Tag: CBE
Kuwait extends $2 billion deposit to Egypt through 2025
On December 3, the Central Bank of Egypt (CBE) announced that Kuwait has agreed to extend a $2 billion deposit for an additional year. Originally ... Read More
Egypt’s central bank hires Barclays Bank to advise on sale of stakes in United Bank
The Central Bank of Egypt (CBE) has handpicked Barclays Bank as an international sell-side advisor for the sale of its 99% stake in the state-owned ... Read More
Egypt’s central bank gets around $5.2bn from local banks to address growing economic pressures
The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the ... Read More
Egypt’s Central Bank:The Country’s Economy’s “Sluggish”
Egypt’s gross domestic product (GDP) growth rate continued to slow down in the first quarter of the 2013/2014 fiscal year to reach slightly more than ... Read More