Central Bank of Egypt (CBE)
What will Egypt’s flexible exchange rate look like?
Business
March 18, 2016
What will Egypt’s flexible exchange rate look like?
Egypt's decision to make the exchange rate more flexible will return the central bank to the managed float in use…
EgyptAir reconsiders ticket prices following dollar hike
Business
March 16, 2016
EgyptAir reconsiders ticket prices following dollar hike
EgyptAir is considering increasing prices of plane tickets following a recent 14 percent surge in the US dollar price against…
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
Business
March 15, 2016
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
Egypt's central bank will hold the pound steady at 8.85 pounds per dollar at an exceptional foreign currency auction on…
Experts divided over Egyptian pound devaluation
Business
March 15, 2016
Experts divided over Egyptian pound devaluation
The Central Bank of Egypt's decision to devalue the country’s currency rate has drawn mixed reactions from experts. The Egyptian…
Egypt’s six-month and one-year t-bill rise in Thursday’s auction
Business
March 3, 2016
Egypt’s six-month and one-year t-bill rise in Thursday’s auction
Yields on Egypt's six-month and one-year Treasury bills rose at an auction on Thursday, data from the central bank showed. The…
Egyptian pound steady at auction, weakens on black market
Business
March 3, 2016
Egyptian pound steady at auction, weakens on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Thursday but weakened significantly on…
Egypt’s CIB appoints former central bank governor Ramez as managing director
Business
February 28, 2016
Egypt’s CIB appoints former central bank governor Ramez as managing director
Commercial International Bank (CIB), Egypt's largest listed company, said on Sunday it had appointed former central bank governor Hisham Ramez…
Egyptian pound steady at forex sale, weaker on black market
Business
February 23, 2016
Egyptian pound steady at forex sale, weaker on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened on the…
CBE not to reduce pound exchange rate: governor
Business
February 22, 2016
CBE not to reduce pound exchange rate: governor
The Central Bank of Egypt (CBE) will not reduce the exchange rate of the Egyptian pound before the foreign reserves…
Egyptian pound steady at forex sale and black market
Business
February 21, 2016
Egyptian pound steady at forex sale and black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday and on the black…