Central Bank of Egypt

Central bank removes dollar deposits cap for companies
Business

Central bank removes dollar deposits cap for companies

The Central Bank of Egypt (CBE) has removed a limit it imposed in February 2015 on foreign currency deposits and…
Obama advisor submits proposals for Egypt’s currency crisis
Business

Obama advisor submits proposals for Egypt’s currency crisis

Egypt’s central bank official Mohamed al-Erian has submitted a paper of proposals to “high-level” state bodies to resolve the current…
Sawiris eyes EU50 bn bank in Luxembourg
Business

Sawiris eyes EU50 bn bank in Luxembourg

Egyptian businessman Naguib Sawiris plans to invest 50 million euros (US$55 million) to set up a bank in Luxembourg specializing…
Egypt foreign reserves US$16.53 billion at end-Feb: c.bank
Business

Egypt foreign reserves US$16.53 billion at end-Feb: c.bank

Egypt's net foreign reserves reached US$16.53 billion at the end of February, slightly higher than in the previous month, the…
Egypt addresses airline concerns on profit repatriation: c.bank source
Business

Egypt addresses airline concerns on profit repatriation: c.bank source

Egypt has addressed the concerns of airlines who have complained in recent weeks about their inability to repatriate earnings, a…
Egyptian T-bill yields rise, signals possible interest rate hike
Business

Egyptian T-bill yields rise, signals possible interest rate hike

Yields on Egypt's three-month and nine-month treasury bills rose sharply at Sunday's auction, data from the central bank showed, signalling…
Egypt to float United Bank of Egypt: central bank governor
Egypt

Egypt to float United Bank of Egypt: central bank governor

Egypt's central bank plans to float the United Bank of Egypt, in which it holds a 99 percent stake, in…
Yields on Egypt’s 6-month and 1-yr T-bills rise at auction
Business

Yields on Egypt’s 6-month and 1-yr T-bills rise at auction

Yields on Egypt's six-month and one-year treasury bills rose at an auction on Thursday, data from the central bank showed. The…
Egyptian pound steady at forex sale, weaker on black market
Business

Egyptian pound steady at forex sale, weaker on black market

The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday but weakened on the…
Egypt’s CIB to issue LE8 bn in financial instruments
Business

Egypt’s CIB to issue LE8 bn in financial instruments

Commercial International Bank (CIB), Egypt's largest listed company, said on Thursday its board had approved a plan to issue financial…
Back to top button