central bank
Islamists draft code to boost Islamic banks
Business
June 12, 2012
Islamists draft code to boost Islamic banks
The political party of the Muslim Brotherhood, which has the biggest bloc in Parliament, is proposing changes to the banking…
Central Bank: Balance of payments deficit at US$11.2 bn, inflation 7.2%
Business
June 10, 2012
Central Bank: Balance of payments deficit at US$11.2 bn, inflation 7.2%
Egypt's balance of payments slid deeper into the red in the first nine months of 2011–2012 with a deficit of…
Finance Ministry to offer LE2.5 bn in reopened bonds
Business
April 17, 2012
Finance Ministry to offer LE2.5 bn in reopened bonds
The Finance Ministry will offer LE2.5 billion (US$414.1 million) in reopened bonds at an auction on 23 April, the Central…
Foreign reserves fall to US$15 billion
Business
April 2, 2012
Foreign reserves fall to US$15 billion
Egypt's net foreign reserves fell to US$15.12 billion at the end of March from $15.72 billion a month earlier, the…
Government prepares to sell US$2 bn in Islamic bonds, says scholar
Business
February 14, 2012
Government prepares to sell US$2 bn in Islamic bonds, says scholar
The government, seeking to head off a funding crisis, is preparing to raise about US$2 billion through its first issue…
Central Bank leaves interest rates steady
Business
February 2, 2012
Central Bank leaves interest rates steady
The Central Bank left its benchmark overnight deposit and lending rates unchanged on Thursday, contrary to the forecasts of some…
Central Bank tightens money transfer rules
Business
January 20, 2012
Central Bank tightens money transfer rules
Egypt's Central Bank has tightened its rules for importers who want to transmit funds, a move analysts say seems designed…
Central Bank denies holding $9 billion in secret Mubarak accounts
Business
January 12, 2012
Central Bank denies holding $9 billion in secret Mubarak accounts
Egypt's Central bank denied on Thursday that ousted Egyptian President Hosni Mubarak has US$9 billion deposited there. Former deputy head…
Auditing official: US$9 billion of Mubarak funds frozen in Central Bank
Egypt
January 12, 2012
Auditing official: US$9 billion of Mubarak funds frozen in Central Bank
Ousted President Hosni Mubarak stored over US$9 billion currently frozen in three secret Central Bank accounts, said an official with…
Economy will recover once security is restored, say experts
Business
January 10, 2012
Economy will recover once security is restored, say experts
Economists have forecast that the Egyptian economy will recover once the security situation in Egypt returns to normal. “Restoring security…