Central Bank of Egypt (CBE)

Central bank: Egypt to issue $1.1 bln, 1-year T-bill on Tuesday
Business

Central bank: Egypt to issue $1.1 bln, 1-year T-bill on Tuesday

Egypt's central bank said on Sunday it would offer a $1.1 billion one-year treasury bill to local banks and foreign…
CBE prohibits converting Arab currencies to dollars
Egypt

CBE prohibits converting Arab currencies to dollars

The central bank of Egypt (CBE) issued instructions to banks to stop converting Arab currencies into dollars as it had…
Egypt repays Qatar’s deposit Friday
Business

Egypt repays Qatar’s deposit Friday

Egypt will pay Qatar back a US$2.5 billion the oil-rich kingdom had deposited at the Central Bank of Egypt under…
Egypt central bank seen keeping rates on hold amid nascent recovery
Business

Egypt central bank seen keeping rates on hold amid nascent recovery

 Egypt's central bank is expected to keep interest rates on hold on Thursday as inflationary pressure continues to ease and…
Egypt central bank seen keeping rates on hold as inflation eases
Business

Egypt central bank seen keeping rates on hold as inflation eases

Egypt's central bank is expected to keep interest rates on hold on Thursday as inflationary pressure begins to ease after…
Maximum wage to be applied by end of July
Business

Maximum wage to be applied by end of July

The maximum wage, set at LE42,000 per month, is scheduled to come into effect by the end of July.  The law…
Central Bank: Egypt foreign reserves rise 0.43% to reach $17.45 bn
Business

Central Bank: Egypt foreign reserves rise 0.43% to reach $17.45 bn

Egypt's net international reserves rose by 0.43 percent to reach $17.489 billion by the end of April, the Central Bank…
Hermes: Egypt Central Bank Likely to Remain on Hold Interest Rate
Business

Hermes: Egypt Central Bank Likely to Remain on Hold Interest Rate

Hermes said in a report on Tuesday Egypt’s Urban consumer price headline inflation decelerated to 11.4 percent Yo-Y in January…
Egypt debts in highest record in country’s history by 2013 end
Business

Egypt debts in highest record in country’s history by 2013 end

Egyptian debt has reached a new high record of LE1,865 billion at the end of December 2013, up from LE1,709…
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