Central Bank of Egypt (CBE)
Central Bank: foreign reserves record a slight 5-month high
Business
February 6, 2014
Central Bank: foreign reserves record a slight 5-month high
Egypt's foreign reserves recorded a slight rise for the first time in five months, the Central Bank of Egypt said…
Petroleum minister denies crisis over repayment of debts
Business
October 22, 2013
Petroleum minister denies crisis over repayment of debts
Minister of Petroleum and Mineral Resources Sherif Ismail denied in a press statement on Tuesday that international oil companies operating in…
Interim president appoints deputy governor of Central Bank of Egypt
Business
October 5, 2013
Interim president appoints deputy governor of Central Bank of Egypt
Interim President Adly Mansour issued a presidential decree appointing Nedal al-Qassem Mohamed Assr as deputy governor of the Central Bank…
Foreign reserves decline by US$207 million by end of September
Business
October 3, 2013
Foreign reserves decline by US$207 million by end of September
Egypt’s foreign reserves declined by US$207 million by the end of September, reaching $18.7 billion, the Central Bank of Egypt…
Egypt could turn $5.4-billion petroleum debts into bonds
Business
August 12, 2013
Egypt could turn $5.4-billion petroleum debts into bonds
The Egyptian General Petroleum Corporation (EGPC) is looking into proposals that would convert debt owed to foreign oil companies operating…
Stock exchange rises on LE5.7 billion
Egypt
August 4, 2013
Stock exchange rises on LE5.7 billion
Stock exchange indices rose considerably on Sunday, supported by liquidity injected by the sale of Orascom Construction Industries and a…
CBE: Annual inflation increases to 8.56 percent in June
Business
July 10, 2013
CBE: Annual inflation increases to 8.56 percent in June
Annual inflation has increased to 8.56 percent, the Central Bank of Egypt (CBE) said on Wednesday. The inflation index…
Egypt pound strengthens at central bank currency sale
Business
July 8, 2013
Egypt pound strengthens at central bank currency sale
The Egyptian pound strengthened at a central bank sale of foreign exchange on Monday, hours after violence broke out between…
Egypt protests could heap pressure on beleaguered currency
Business
June 28, 2013
Egypt protests could heap pressure on beleaguered currency
Egypt's central bank faces an uphill task keeping the country's currency stable if mass anti-government protests planned over the coming…
Government may raise dollar supply before 30 June
Business
June 17, 2013
Government may raise dollar supply before 30 June
The Central Bank of Egypt (CBE) will likely hold an auction to sell dollars to local banks before 30 June,…