central bank

Foreign exchange reserves increase
Business

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

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

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

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

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

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

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

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

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…
Government prepares to sell US$2 bn in Islamic bonds, says scholar
Business

Government prepares to sell US$2 bn in Islamic bonds, says scholar

The government, seeking to head off a funding crisis, is preparing to raise about US$2 billion through its first issue…
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