central bank

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…
Presidential aide: Egyptian pound will not collapse
Egypt

Presidential aide: Egyptian pound will not collapse

The Egyptian pound will not collapse and its incremental depreciation has stabilized, a senior aide to President Mohamed Morsy said…
Central Bank governor’s car stolen, bodyguard killed
Egypt

Central Bank governor’s car stolen, bodyguard killed

After his car was stolen on the Ring Road Wednesday morning, Central Bank Governor Hisham Ramez, who was not in…
Authorities looking for revenue boost, says planning minister
Business

Authorities looking for revenue boost, says planning minister

Minister of Planning and International Cooperation Ashraf al-Araby confirmed Tuesday that Egypt’s foreign cash reserves are enough to cover three…
Finance minister: economic reform provides state budget with LE31.2 billion
Business

Finance minister: economic reform provides state budget with LE31.2 billion

Finance Minister Morsy Hegazy said that with the government’s economic reform program the Egyptian economy will be able to overcome…
CEO of National Bank of Egypt resigns
Egypt

CEO of National Bank of Egypt resigns

The CEO of the National Bank of Egypt, Tarek Amer, resigned on Monday, just days after the president appointed a…
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