CBE
Central Bank of Egypt governor denies resignation
Business
March 24, 2017
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
February 23, 2017
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
February 23, 2017
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
December 27, 2016
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
November 3, 2016
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
October 13, 2016
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
May 5, 2016
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
March 9, 2016
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
October 6, 2015
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
July 7, 2015
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…