CBE

CBE: Egypt’s external debt decreases to $39.9bn at end of March
Egypt

CBE: Egypt’s external debt decreases to $39.9bn at end of March

Egypt’s external debts decreased by 13.5percent, reaching US$39.9 billion at end of March 2015, compared to $46.1 billion at end…
CBE prepares list to seize Brotherhood-affiliated companies
Business

CBE prepares list to seize Brotherhood-affiliated companies

A senior banking source has revealed that officials from the Central Bank of Egypt (CBE) have prepared a list of…
Importers complain of funding crisis due to limits imposed on US dollar by CBE
Business

Importers complain of funding crisis due to limits imposed on US dollar by CBE

Importers are facing, among other difficulties, a lack of foreign currency and trouble opening letters of credit, said Chief of…
CBE bans exchange of US$100 bills to counter smuggling
Business

CBE bans exchange of US$100 bills to counter smuggling

The Central Bank of Egypt (CBE) has decided to ban the exchange of US$100 bills for banking clients and has…
CBE dismisses rumors of amending dollar deposit cap
Business

CBE dismisses rumors of amending dollar deposit cap

The Central Bank of Egypt’s (CBE) has denounced rumors that the Bank might amend the recent US$10,000 cap on dollar…
CBE: Egypt pound weakens to new low of LE7.51 per dollar
Egypt

CBE: Egypt pound weakens to new low of LE7.51 per dollar

Egypt's pound weakened to LE7.51 per dollar, from LE7.49 at the last sale, at a central bank auction on Sunday,…
CBE : Egyptian banks’ credit reach to LE2.3 trillion during July/ Oct 2014/15
Business

CBE : Egyptian banks’ credit reach to LE2.3 trillion during July/ Oct 2014/15

Egyptian Banks’ credit balances moved up by LE 27.9 billion or 4.7% to reach LE2.29 trillion  during July/Oct . 2014/2015,…
CBE report: EU is no. 1 trade partner to Egypt
Business

CBE report: EU is no. 1 trade partner to Egypt

Egypt's foreign trade went up by 1.5 per cent to reach 85.9 billion dollars during the fiscal year 2013/2014. According to…
CBE: gangs trade in currency via bank accounts
Business

CBE: gangs trade in currency via bank accounts

Senior banking official has said that Central Bank of Egypt (CBE) has recently discovered gangs that are illegally trading in…
Egypt negotiates with UAE over $3 billion deposit
Egypt

Egypt negotiates with UAE over $3 billion deposit

A senior government official said Egypt is negotiating with the UAE to get a new deposit equal to US$3 billion…
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