Egypt’s Central Bank raises interest rates by 2%, reaching highest level since 2017

Thu, 30 Mar 2023 - 05:21 GMT

Egypt’s Central Bank (CBE) raised on Wednesday the interest rates by 2 percent; reaching the highest level since July 2017.

CIB nominates Hisham Ezz El Arab as Chairman of Board of Directors

Fri, 09 Dec 2022 - 04:57 GMT

Renowned Banker Hisham Ezz El Arab was nominated by The Commercial International Bank (CIB) Bank Board of Directors to be appointed as a non-executive chairman of the board of directors, after obtaining the approval Egypt’s Central Bank.

Egypt to print polymer banknotes starting 2021: Central Bank governor

Wed, 09 Sep 2020 - 11:11 GMT

Governor of Egypt’s Central Bank Tarek Amer said the country will print new polymer LE 10 ($0.63) and LE 20 (1.27) banknotes as planned earlier starting next year, noting that they would are not meant to cancel the original paper money.