Central Bank of Egypt
Central bank removes dollar deposits cap for companies
Business
March 9, 2016
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
March 9, 2016
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
March 8, 2016
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
March 4, 2016
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
March 3, 2016
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
February 28, 2016
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
February 22, 2016
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
February 18, 2016
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
February 14, 2016
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
February 11, 2016
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…