central bank

Stock market hits highest level in seven months
Business

Stock market hits highest level in seven months

The Egyptian stock exchange continued to gain at the close of Monday’s trading session, supported by purchases of Egyptian investors…
Foreign cash reserve rises by $36 million
Business

Foreign cash reserve rises by $36 million

Net foreign reserves at the Central Bank of Egypt went up by $36 million, reaching $18.916 billion at the end…
Inflation rate up 4.1% in July
Egypt

Inflation rate up 4.1% in July

The Central Bank of Egypt announced on Wednesday that there was a 4.1 percent increase in the monthly inflation rate…
Foreign reserves hit US$18.8 bn, highest since November 2011
Egypt

Foreign reserves hit US$18.8 bn, highest since November 2011

The Central Bank of Egypt announced on Monday that foreign reserves rose by US$3.96 billion in July to reach US$18.8…
Egypt Central Bank orders closures before army ultimatum
Egypt

Egypt Central Bank orders closures before army ultimatum

Egypt's central bank has told banks to close branches early, ahead of an armed forces deadline on Wednesday that could…
Egypt PM to visit donor Qatar amid IMF loan talks
Egypt

Egypt PM to visit donor Qatar amid IMF loan talks

Egypt's prime minister was due in Qatar on Tuesday for talks with his country's biggest Gulf Arab financial backer as…
Decline in foreign reserves continues
Egypt

Decline in foreign reserves continues

Decline in foreign reserves at the Central Bank continued through March to lose about US$84 million, according to the bank's…
Egypt to reintroduce deposit operations, cancels repos
Business

Egypt to reintroduce deposit operations, cancels repos

Egypt's central bank said on Monday it intended to reintroduce deposit operations as a way to absorb excess liquidity, starting…
Central Bank raises rates to curb inflation, support pound
Business

Central Bank raises rates to curb inflation, support pound

The Central Bank raised interest rates on Thursday, hoping to curb soaring inflation and slow a sliding pound currency, but…
Suspected Central Bank governor carjackers arrested
Egypt

Suspected Central Bank governor carjackers arrested

Giza authorities have arrested several people suspected of stealing Central Bank Governor Hisham Ramez's car. Authorities had acted on information…
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