Central Bank of Egypt
Central Bank seeks to buy gold from treasury to bolster foreign reserves
Business
October 13, 2016
Central Bank seeks to buy gold from treasury to bolster foreign reserves
An official source has confirmed that the Central Bank of Egypt (CBE) has called upon the Ministry of Finance to…
CBE pays back US$1 billion debt owed to Qatar
Business
July 2, 2016
CBE pays back US$1 billion debt owed to Qatar
Egypt has returned to Qatar US$1 billion deposited by the Gulf state to help prop up the Egyptian central bank's…
CBE to reprint 1LE banknote to be introduced by Ramadan
Business
May 25, 2016
CBE to reprint 1LE banknote to be introduced by Ramadan
The Central Bank of Egypt (CBE) is to print LE 500 million of one pound banknotes by the beginning of…
Egypt’s central bank sells US$118.7 million at Tuesday auction
Business
April 26, 2016
Egypt’s central bank sells US$118.7 million at Tuesday auction
Egypt's central bank sold US$118.7 million at its regular rate of 8.78 to the dollar at Tuesday's sale.Egypt's pound strengthened…
CBE governor responds to Sawiris ‘stalling’ claims in CI Capital row
Business
March 28, 2016
CBE governor responds to Sawiris ‘stalling’ claims in CI Capital row
The governor of the Central Bank of Egypt (CBE) has responded to claims from businessman Naguib Sawiris that the CBE…
Egypt’s Sawiris says CI Capital acquisition stalled by security
Business
March 27, 2016
Egypt’s Sawiris says CI Capital acquisition stalled by security
Egyptian billionaire Naguib Sawiris said on Sunday his bid to acquire CI Capital, the investment arm of Egypt's largest listed…
Egypt to offer shares of AAIB and Banque du Caire on bourse
Business
March 27, 2016
Egypt to offer shares of AAIB and Banque du Caire on bourse
Egypt will offer a 40 percent stake in Arab African International Bank (AAIB) and 20 percent of Banque du Caire…
Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday
Business
March 17, 2016
Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday
The Central Bank of Egypt (CBE) will keep the pound stable at a regular foreign currency auction on Thursday, four…
Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction
Business
March 14, 2016
Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction
Egypt's central bank said on Monday it had devalued the Egyptian pound to LE8.85 per dollar at a special foreign…
Banque Misr: dollar black market rate down to LE9
Business
March 13, 2016
Banque Misr: dollar black market rate down to LE9
The rate quoted for the US dollar among black market dealers has dropped to nearly LE9, down from a recently…