central bank
Central Bank leaves interest rates steady
Business
February 2, 2012
Central Bank leaves interest rates steady
The Central Bank left its benchmark overnight deposit and lending rates unchanged on Thursday, contrary to the forecasts of some…
Central Bank tightens money transfer rules
Business
January 20, 2012
Central Bank tightens money transfer rules
Egypt's Central Bank has tightened its rules for importers who want to transmit funds, a move analysts say seems designed…
Central Bank denies holding $9 billion in secret Mubarak accounts
Business
January 12, 2012
Central Bank denies holding $9 billion in secret Mubarak accounts
Egypt's Central bank denied on Thursday that ousted Egyptian President Hosni Mubarak has US$9 billion deposited there. Former deputy head…
Auditing official: US$9 billion of Mubarak funds frozen in Central Bank
Egypt
January 12, 2012
Auditing official: US$9 billion of Mubarak funds frozen in Central Bank
Ousted President Hosni Mubarak stored over US$9 billion currently frozen in three secret Central Bank accounts, said an official with…
Economy will recover once security is restored, say experts
Business
January 10, 2012
Economy will recover once security is restored, say experts
Economists have forecast that the Egyptian economy will recover once the security situation in Egypt returns to normal. “Restoring security…
Egypt’s stock market up on 2012 optimism, Central Bank cancels auctions
Business
January 2, 2012
Egypt’s stock market up on 2012 optimism, Central Bank cancels auctions
Optimism for the year ahead lifted Egypt's stock market on Monday and Egypt's benchmark index rose 1.6 percent as Egypt's…
Govt issues bonds to stem decline of foreign reserves
Business
December 25, 2011
Govt issues bonds to stem decline of foreign reserves
The Finance Ministry recently offered treasury bills worth US$2.5 billion in an effort to improve cash flow and stem withdrawals…
Egypt keeps central bank governor for third term
Business
November 26, 2011
Egypt keeps central bank governor for third term
Egypt's ruling military council has decided to keep Central Bank governor Farouk al-Okdah in office for a third four-year term,…
NGOs and individuals suspected of receiving foreign funding
Egypt
November 16, 2011
NGOs and individuals suspected of receiving foreign funding
Justice Ministry investigators suspect 200 NGOs and individuals of illegally receiving foreign funds from Arab and European countries in the…
Egypt lost US$2 billion from cash reserves in October, says Central Bank
Business
November 3, 2011
Egypt lost US$2 billion from cash reserves in October, says Central Bank
Egypt's Central Bank lost US$2 billion from its international cash reserves in October, bringing its reserves down from $24.1 billion…