central bank
Egypt public debt reaches record LE1.386 trillion
Business
September 11, 2012
Egypt public debt reaches record LE1.386 trillion
Domestic public debt in Egypt has reached an unprecedented LE1.386 trillion according to Finance Ministry indices based on a report…
Foreign exchange reserves increase
Business
September 3, 2012
Foreign exchange reserves increase
Foreign exchange reserves increased by about US$685 million at the end of August after Qatar gave $500 million, the first…
Egypt’s Central Bank sells 513 mn euros of T-bills
Business
August 28, 2012
Egypt’s Central Bank sells 513 mn euros of T-bills
Egypt's Central Bank sold 513 million euros (US$642 million) worth of euro-denominated T-bills at an inaugural auction on Tuesday, and…
Central Bank: Economy to grow under 2 percent in 2012
Business
June 17, 2012
Central Bank: Economy to grow under 2 percent in 2012
Egypt's economic growth will slow to under two percent this year from 2.5 per cent last year because of political…
Arab Monetary Fund in $65 million loan to Egypt
Business
June 17, 2012
Arab Monetary Fund in $65 million loan to Egypt
ABU DHABI — The Arab Monetary Fund (AMF) said on Sunday it was arranging a $65 million credit facility for Egypt…
Central Bank to start 28-day repos in July
Business
June 15, 2012
Central Bank to start 28-day repos in July
Egypt's Central Bank will introduce 28-day repurchase agreements (repos) on 10 July, a move one banker said was designed to…
Islamists draft code to boost Islamic banks
Business
June 12, 2012
Islamists draft code to boost Islamic banks
The political party of the Muslim Brotherhood, which has the biggest bloc in Parliament, is proposing changes to the banking…
Central Bank: Balance of payments deficit at US$11.2 bn, inflation 7.2%
Business
June 10, 2012
Central Bank: Balance of payments deficit at US$11.2 bn, inflation 7.2%
Egypt's balance of payments slid deeper into the red in the first nine months of 2011–2012 with a deficit of…
Finance Ministry to offer LE2.5 bn in reopened bonds
Business
April 17, 2012
Finance Ministry to offer LE2.5 bn in reopened bonds
The Finance Ministry will offer LE2.5 billion (US$414.1 million) in reopened bonds at an auction on 23 April, the Central…
Foreign reserves fall to US$15 billion
Business
April 2, 2012
Foreign reserves fall to US$15 billion
Egypt's net foreign reserves fell to US$15.12 billion at the end of March from $15.72 billion a month earlier, the…