17 November 2019 05:32 AM

Egypt Today

CBE cuts deposit, lending rates by 100 basis points

The Monetary Policy Committee (MPC) decided to cut the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation by 100 basis points to 12.25 percent, 13.25 percent, and 12.75 percent, respectively.

Saudi political analyst commends Sisi's visit to UAE

Egyptian President Abdel Fattah El Sisi’s visit to the UAE delivers a message to the world that Egypt takes account of the security of the UAE and of the gulf in general, a Saudi political analyst said on Friday.

Egypt's mufti: Islam calls for spreading tolerance, coexistence

Egypt's Mufti Shawqi Allam said that Islam is a religion of tolerance and mercy, adding that it calls for coexistence and dialogue with "the other."

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