currency reserves
Central bank removes dollar deposits cap for companies
Business
March 9, 2016
Central bank removes dollar deposits cap for companies
The Central Bank of Egypt (CBE) has removed a limit it imposed in February 2015 on foreign currency deposits and…
International reserve at US$16,455 in December: CBE
Business
January 5, 2016
International reserve at US$16,455 in December: CBE
Egypt’s net international reserves stood at US$16,455 in December, the Central Bank of Egypt said on Tuesday. The current reserve is…
Suez Canal May revenues up 1% year-on-year
Business
June 13, 2013
Suez Canal May revenues up 1% year-on-year
Revenues from Egypt's Suez Canal rose 1 percent in May from a year earlier to $438.1 million, the State Information…
PM: Egyptian pound to improve against dollar over next period
Egypt
January 1, 2013
PM: Egyptian pound to improve against dollar over next period
The Egyptian pound will improve its standing against the US dollar after being encouraged by political and economic stability over…
Central Bank happy with value of pound: official
Business
October 10, 2012
Central Bank happy with value of pound: official
Egypt's central bank is comfortable with the current value of the Egyptian pound and is not targeting any particular rate…
Bankruptcies up by 26 percent, says cabinet
Business
January 1, 2012
Bankruptcies up by 26 percent, says cabinet
In 2011, bankruptcies increased by 26 percent in comparison to the year before, according to a report released by the…