Central Bank of Egypt

Central bank: Egypt money supply up 15.65 pct in November
Business

Central bank: Egypt money supply up 15.65 pct in November

Egypt's M2 money supply was up 15.65 percent at the end of November from a year earlier, the central bank…
Central bank official: Egypt pays back $2.5 bn deposit to Qatar
Egypt

Central bank official: Egypt pays back $2.5 bn deposit to Qatar

Egypt has paid back US$2.5 billion which Qatar deposited with it to help prop up the Egyptian central bank's hard…
Forum urges Islamic banks to improve hedge management
Business

Forum urges Islamic banks to improve hedge management

A forum held Saturday by the Union of Arab Banks in Sharm al-Sheikh called upon Islamic banks to reinforce the…
Egypt central bank keeps rates on hold, monitoring risks from global growth jitters
Business

Egypt central bank keeps rates on hold, monitoring risks from global growth jitters

Egypt's central bank kept its main interest rates unchanged at a policy meeting on Thursday but said it was keeping…
Central Bank: Egypt’s budget deficit shrinks to 12.4% of GDP in 2013/2014
Business

Central Bank: Egypt’s budget deficit shrinks to 12.4% of GDP in 2013/2014

Egypt’s overall budget deficit fell to LE253.7 billion or 12.4 percent of GDP in the fiscal year of 2013/2014, from…
Egypt’s foreign exchange reserves rises to US$17.3 bn
Business

Egypt’s foreign exchange reserves rises to US$17.3 bn

Egypt's foreign exchange reserves rose up to US$17.3 billion by the end of February, compared to $17.105 billion at the…
Beltone: Central Bank of Egypt to keep rates unchanged
Business

Beltone: Central Bank of Egypt to keep rates unchanged

Cairo based investment bank Beltone Financial expects the state’s central bank (CBE) to keep policy rates unchanged at today’s meeting,…
Currency black market shows limits of Egypt’s recovery
Business

Currency black market shows limits of Egypt’s recovery

Egypt's central bank has taken extraordinary steps to prop up its currency and curb a black market in foreign exchange…
Egypt’s foreign reserve down by US$700 mn in December
Business

Egypt’s foreign reserve down by US$700 mn in December

Egypt’s reserve of foreign currency dropped by nearly US$700 million in December, a high-profile source at the banking sector revealed. That…
Constitution amendment committee officials meet with President
Egypt

Constitution amendment committee officials meet with President

Amr Moussa, the head of the 50-member constitution committee, and the committee’s deputies and officials in charge of sub-committees met…
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