Central Bank of Egypt (CBE)
Egypt keeps interest rates unchanged at 8.25%
Business
July 21, 2011
Egypt keeps interest rates unchanged at 8.25%
Egypt’s central bank kept its benchmark interest rate at the lowest level in more than four years with the aim…
Egypt calls on banks to freeze assets of former Tunisian president
Egypt
June 14, 2011
Egypt calls on banks to freeze assets of former Tunisian president
Egypt requested banks to freeze assets of the deposed Tunisian President Zine al-Abidine Ben Ali and his wife, Layla al-Taraboulsy,…
CBE decides to keep rates unchanged again
Business
March 11, 2011
CBE decides to keep rates unchanged again
The Central Bank of Egypt's Monetary Policy Committee decided in a meeting last night to maintain overnight deposit and lending…
Top banking official: Former regime tried to undermine banking sector
Business
February 27, 2011
Top banking official: Former regime tried to undermine banking sector
A prominent banking official said former President Hosni Mubarak’s regime wanted to ruin Egypt's four public banks, that is the…
Banks to reopen Sunday following longest closure since January 25
Business
February 19, 2011
Banks to reopen Sunday following longest closure since January 25
Banks will on Sunday reopen following the longest period of closure brought about by the 25 January revolution.Meanwhile, Farouq al-Oqda,…
Labor protests prompt CBE to close banks
Business
February 16, 2011
Labor protests prompt CBE to close banks
The Central Bank of Egypt (CBE) decided to close Egyptian and international banks on Wednesday and Thursday due to a…
CBE tells banks to remain watchful of frozen assets
Business
February 14, 2011
CBE tells banks to remain watchful of frozen assets
Bank directors have been ordered to monitor assets frozen in the wake of the popular uprising in Egypt. The order…
Central Bank opens account for economic rescue contributions
Business
February 14, 2011
Central Bank opens account for economic rescue contributions
The Central Bank of Egypt (CBE) announced Sunday the opening of a new government account to receive contributions to support…
CBE lengthens money-transfer period to prevent capital flight
Business
February 13, 2011
CBE lengthens money-transfer period to prevent capital flight
The Central Bank of Egypt (CBE) has lengthened the time period required for the transfer of large amounts of money…
Central Bank of Egypt: Losses caused by protests not calculated
Business
February 6, 2011
Central Bank of Egypt: Losses caused by protests not calculated
The vice-president of the Central Bank of Egypt (CBE), Hisham Ramez, has said it is too early to gauge the…