Egypt’s central bank

Egypt’s central bank cuts interest rates by 50 basis points
Economy

Egypt’s central bank cuts interest rates by 50 basis points

Egypt’s central bank cut its main interest rates by 50 basis points on Thursday, moving to support an economy badly…
Egypt’s central bank makes third straight cut to interest rates
Economy

Egypt’s central bank makes third straight cut to interest rates

Egypt’s central bank cut its key interest rates on Thursday for the third consecutive time, after inflation fell to its…
As pound strengthens, Egypt adjusts customs exchange rate to 16 per dollar
Business

As pound strengthens, Egypt adjusts customs exchange rate to 16 per dollar

Egypt will change its dollar exchange rate for customs to 16 pounds from 18.5 pounds on Thursday, after the Egyptian…
UPDATE: Egypt’s central bank tightens import controls to ease forex crisis
Egypt

UPDATE: Egypt’s central bank tightens import controls to ease forex crisis

 Egypt's central bank on Tuesday tightened trade financing regulations to support local manufacturing and ease the ballooning trade deficit that…
Egypt’s central bank dollar sales total $7.6 bn in recent weeks, official says
Business

Egypt’s central bank dollar sales total $7.6 bn in recent weeks, official says

Egypt's central bank has sold $7.6 billion in recent weeks to make it easier for importers pay for goods, an…
Egypt’s central bank postpones interest rate decision to Dec. 24
Business

Egypt’s central bank postpones interest rate decision to Dec. 24

The announcement came as a shock to the markets, which had been watching to see if Egypt would follow the…
Egypt’s central bank to inject dollar liquidity over next month
Egypt

Egypt’s central bank to inject dollar liquidity over next month

Egypt's central bank plans to inject dollar liquidity into the market this month and is planning an exceptional foreign exchange…
Egypt’s central bank savior faces tricky balancing act
Egypt

Egypt’s central bank savior faces tricky balancing act

From bankers to carmakers, Egypt's business community will breathe easier when Tarek Amer takes charge at the central bank on…
Egypt’s central bank appoints two deputy governors
Egypt

Egypt’s central bank appoints two deputy governors

Egypt's central bank has named two deputy central bank governors in a reshuffle of the bank's board members, it said…
UPDATE: Egyptian pound steady at auction, weaker on parallel market
Business

UPDATE: Egyptian pound steady at auction, weaker on parallel market

Egypt's central bank kept the pound steady at LE7.7301 to the dollar at its official foreign currency auction on Tuesday,…
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