central bank
Libya denies sparing Egypt repayment of US$2bn deposit
Egypt
September 6, 2014
Libya denies sparing Egypt repayment of US$2bn deposit
Libya's Central Bank denied on Saturday sparing Egypt the repayment of a US$2 billion deposit placed at the Central Bank…
Stock market hits highest level in seven months
Business
September 23, 2013
Stock market hits highest level in seven months
The Egyptian stock exchange continued to gain at the close of Monday’s trading session, supported by purchases of Egyptian investors…
Foreign cash reserve rises by $36 million
Business
September 5, 2013
Foreign cash reserve rises by $36 million
Net foreign reserves at the Central Bank of Egypt went up by $36 million, reaching $18.916 billion at the end…
Inflation rate up 4.1% in July
Egypt
August 8, 2013
Inflation rate up 4.1% in July
The Central Bank of Egypt announced on Wednesday that there was a 4.1 percent increase in the monthly inflation rate…
Foreign reserves hit US$18.8 bn, highest since November 2011
Egypt
August 5, 2013
Foreign reserves hit US$18.8 bn, highest since November 2011
The Central Bank of Egypt announced on Monday that foreign reserves rose by US$3.96 billion in July to reach US$18.8…
Egypt Central Bank orders closures before army ultimatum
Egypt
July 3, 2013
Egypt Central Bank orders closures before army ultimatum
Egypt's central bank has told banks to close branches early, ahead of an armed forces deadline on Wednesday that could…
Egypt PM to visit donor Qatar amid IMF loan talks
Egypt
April 9, 2013
Egypt PM to visit donor Qatar amid IMF loan talks
Egypt's prime minister was due in Qatar on Tuesday for talks with his country's biggest Gulf Arab financial backer as…
Decline in foreign reserves continues
Egypt
April 4, 2013
Decline in foreign reserves continues
Decline in foreign reserves at the Central Bank continued through March to lose about US$84 million, according to the bank's…
Egypt to reintroduce deposit operations, cancels repos
Business
April 1, 2013
Egypt to reintroduce deposit operations, cancels repos
Egypt's central bank said on Monday it intended to reintroduce deposit operations as a way to absorb excess liquidity, starting…
Central Bank raises rates to curb inflation, support pound
Business
March 22, 2013
Central Bank raises rates to curb inflation, support pound
The Central Bank raised interest rates on Thursday, hoping to curb soaring inflation and slow a sliding pound currency, but…