central bank
Egypt keeps central bank governor for third term
Business
November 26, 2011
Egypt keeps central bank governor for third term
Egypt's ruling military council has decided to keep Central Bank governor Farouk al-Okdah in office for a third four-year term,…
NGOs and individuals suspected of receiving foreign funding
Egypt
November 16, 2011
NGOs and individuals suspected of receiving foreign funding
Justice Ministry investigators suspect 200 NGOs and individuals of illegally receiving foreign funds from Arab and European countries in the…
Egypt lost US$2 billion from cash reserves in October, says Central Bank
Business
November 3, 2011
Egypt lost US$2 billion from cash reserves in October, says Central Bank
Egypt's Central Bank lost US$2 billion from its international cash reserves in October, bringing its reserves down from $24.1 billion…
Egypt BoP deficit at US$9.2 bln in FY 2011
Business
September 10, 2011
Egypt BoP deficit at US$9.2 bln in FY 2011
Egypt had a balance of payments deficit of US$9.2 billion in the financial year 2010-11, reversing a surplus of $3.4…
Achieving high growth rates will take 3-5 years, says Central Bank governor
Business
August 24, 2011
Achieving high growth rates will take 3-5 years, says Central Bank governor
Central Bank Governor Farouq al-Oqda said on Wednesday that the economy needs three to five years to achieve high growth…
Egyptian banks decline Central Bank offer for repos
Business
July 19, 2011
Egyptian banks decline Central Bank offer for repos
Egypt's central bank said not a single bank took up its offer for US$1 billion in seven-day repurchase agreements in…
Iraq to begin payment of ‘yellow remittances’ in July
Business
May 30, 2011
Iraq to begin payment of ‘yellow remittances’ in July
Iraq in July will begin paying its "yellow remittances," money owed by Iraq to Egyptian workers who fled the country…
Egypt’s central bank leaves interest rates steady
Business
April 28, 2011
Egypt’s central bank leaves interest rates steady
Egypt's central bank kept its key overnight interest rates steady on Thursday in a bid to foster economic growth without…
Foreign investment losses estimated at US$7.5 billion
Business
April 3, 2011
Foreign investment losses estimated at US$7.5 billion
Central Bank Governor Farouk al-Oqda has estimated the total foreign investment withdrawn from Egyptian treasury bonds and bills between 20…
Egypt unofficial reserves fall US$3.3 bln in Feb
Business
March 8, 2011
Egypt unofficial reserves fall US$3.3 bln in Feb
Cairo--The Egyptian central bank's unofficial reserves plummeted by US$3.3 billion in February, bringing its total decline in foreign currency assets…