central bank
Suspected Central Bank governor carjackers arrested
Egypt
February 19, 2013
Suspected Central Bank governor carjackers arrested
Giza authorities have arrested several people suspected of stealing Central Bank Governor Hisham Ramez's car. Authorities had acted on information…
Presidential aide: Egyptian pound will not collapse
Egypt
February 18, 2013
Presidential aide: Egyptian pound will not collapse
The Egyptian pound will not collapse and its incremental depreciation has stabilized, a senior aide to President Mohamed Morsy said…
Central Bank governor’s car stolen, bodyguard killed
Egypt
February 13, 2013
Central Bank governor’s car stolen, bodyguard killed
After his car was stolen on the Ring Road Wednesday morning, Central Bank Governor Hisham Ramez, who was not in…
Authorities looking for revenue boost, says planning minister
Business
February 5, 2013
Authorities looking for revenue boost, says planning minister
Minister of Planning and International Cooperation Ashraf al-Araby confirmed Tuesday that Egypt’s foreign cash reserves are enough to cover three…
Finance minister: economic reform provides state budget with LE31.2 billion
Business
January 20, 2013
Finance minister: economic reform provides state budget with LE31.2 billion
Finance Minister Morsy Hegazy said that with the government’s economic reform program the Egyptian economy will be able to overcome…
CEO of National Bank of Egypt resigns
Egypt
January 14, 2013
CEO of National Bank of Egypt resigns
The CEO of the National Bank of Egypt, Tarek Amer, resigned on Monday, just days after the president appointed a…
New Central Bank governor: Pound slide is nothing to worry about
Egypt
January 12, 2013
New Central Bank governor: Pound slide is nothing to worry about
New Central Bank Hesham Ramez said that the current rise of the US dollar against the Egyptian pound is normal…
Central Bank: Pound fell at dollar auction
Business
January 9, 2013
Central Bank: Pound fell at dollar auction
The pound fell at a Central Bank of Egypt auction of dollars Wednesday, the seventh such sale since it introduced…
Central Bank auction temporarily stabilizes dollar-pound exchange rates
Business
January 3, 2013
Central Bank auction temporarily stabilizes dollar-pound exchange rates
Dollar exchange rates in Egyptian banks have stabilized at the amount of LE6.42 for buying and LE6.39 for selling, with…
FJP slams central bank for dollar rise
Egypt
January 2, 2013
FJP slams central bank for dollar rise
The Freedom and Justice Party’s economic committee head Abdallah Shehata is blaming the Central Bank for the dollar's rise against…