Central Bank of Egypt
Egypt Reserves Reach Record High of Over $36 Billion
Economy
August 2, 2017
Egypt Reserves Reach Record High of Over $36 Billion
Egypt’s foreign reserves reached $36.036 billion in July, a record high, which the prime minister described as “good news” as…
Forbes lists CBE Deputy Governor Lobna Helal as 2nd most powerful Arab businesswoman
Business
July 24, 2017
Forbes lists CBE Deputy Governor Lobna Helal as 2nd most powerful Arab businesswoman
Forbes Middle East ranked Egypt’s Deputy Central Bank Governor Lobna Helal, as the second most powerful Arab businesswomen. “Helal is…
Egypt’s foreign reserves rose by $180 million in June: CBE
Business
July 5, 2017
Egypt’s foreign reserves rose by $180 million in June: CBE
The Central Bank of Egypt (CBE) announced that the country’s foreign reserves rose by $180 million in June, an increase…
Deutsche Bank projects Egypt inflation down to 20% by end of 2017
Economy
June 7, 2017
Deutsche Bank projects Egypt inflation down to 20% by end of 2017
Deutsche Bank projected on Monday that Egypt’s inflation will decline to approximately 20% by the end of 2017 – a…
In surprise move, CBE hikes key interest rates
Business
May 22, 2017
In surprise move, CBE hikes key interest rates
The Central Bank of Egypt raised its key interest rates by 200 basis points on Sunday, citing stronger economic growth…
Foreign currency reserves can cover 6 months of imports: CBE
Business
February 8, 2017
Foreign currency reserves can cover 6 months of imports: CBE
The foreign currency reserves at the Central Bank of Egypt (CBE) are able to cover Egypt's imports for a period…
Egypt’s foreign reserves rise to US$26.363 bn at end of January
Business
February 6, 2017
Egypt’s foreign reserves rise to US$26.363 bn at end of January
Egypt's net foreign reserves rose to US$26.363 billion at the end of January from US$24.265 billion as of the end…
Egypt on track to receive 2nd tranche of IMF loan
Egypt
January 19, 2017
Egypt on track to receive 2nd tranche of IMF loan
Egypt is on track to receive the second tranche of a US$12 billion three-year loan from the International Monetary Fund…
EgyptAir to review ticket prices following currency float
Egypt
November 4, 2016
EgyptAir to review ticket prices following currency float
EgyptAir will review the prices of its tickets next week in light of a decision by the Central Bank of…
Timeline: The Egyptian pound over the last five decades
Egypt
November 3, 2016
Timeline: The Egyptian pound over the last five decades
The Egyptian pound has embarked on a downward trend linked to the country’s economic conditions, reflecting its strength against foreign…