CBE

Central Bank of Egypt governor denies resignation
Business

Central Bank of Egypt governor denies resignation

Tarek Amer, Central Bank of Egypt's governor, said in remarks to Al-Arabiya news website that he did not resign from…
Tourist inflow increased by 25% in December: CBE
Egypt

Tourist inflow increased by 25% in December: CBE

Tourist inflow to Egypt rose by about 25 percent in December 2016, compared to December 2015, to stand at around…
Individuals to obtain foreign currency without restrictions in 2017: CBE official
Business

Individuals to obtain foreign currency without restrictions in 2017: CBE official

Individuals will be able to obtain foreign currency from banks without restrictions by the end of 2017, Aswat Masriya reported…
CBE to establish fund worth LE5 bln to develop tourist facilities
Business

CBE to establish fund worth LE5 bln to develop tourist facilities

Central Bank of Egypt (CBE) will set up a fund at LE five billion to finance the development of tourist…
CBE not to impose restrictions on foreign currency exchange
Business

CBE not to impose restrictions on foreign currency exchange

The Central Bank of Egypt (CBE) said on Thursday it would not impose restrictions on the exchange of foreign currencies. "There…
Central Bank seeks to buy gold from treasury to bolster foreign reserves
Business

Central Bank seeks to buy gold from treasury to bolster foreign reserves

An official source has confirmed that the Central Bank of Egypt (CBE) has called upon the Ministry of Finance to…
CBE governor says UAE will deposit $2 bn by end of May
Egypt

CBE governor says UAE will deposit $2 bn by end of May

The governor of the Central Bank of Egypt (CBE), Tarek Amer, has announced that negotiations are underway for a US$2…
Egyptian pound hits all-time low against the dollar on black market
Business

Egyptian pound hits all-time low against the dollar on black market

The value of the Egyptian pound relative to the US dollar hit rock bottom last week, with US$1 equaling LE10…
Govt still in limbo over foreign reserves
Business

Govt still in limbo over foreign reserves

The government is still in a state of confusion as a foreign currency crisis bites harder, with the Central Bank…
CBE: Egypt paid US$670 million owed to Paris Club
Egypt

CBE: Egypt paid US$670 million owed to Paris Club

Hisham Ramez, governor of the CBE, said on Tuesday that Egypt had paid US$670 million owed to the Paris Club…
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