Central Bank of Egypt (CBE)

CBE seeks to control black market as dollar rises to LE7.82
Business

CBE seeks to control black market as dollar rises to LE7.82

A senior banking source revealed that the Central Bank of Egypt is seeking to control the black market after the…
CBE : Egyptian banks’ credit reach to LE2.4 trillion during July/Sept 2014/15
Business

CBE : Egyptian banks’ credit reach to LE2.4 trillion during July/Sept 2014/15

Egyptian Banks' credit balances moved up by LE13.4 billion to reach LE2.4 trillion during July/September 2014/2015, the Central Bank of…
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…
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