Central Bank of Egypt
Egypt returns $2 bln to Qatar after talks to securitize it fail
Business
September 19, 2013
Egypt returns $2 bln to Qatar after talks to securitize it fail
Egypt has returned to Qatar US$2 billion that the Gulf state had deposited with Egypt’s central bank, after negotiations to…
Qatar to suspend bond transferals from Egyptian bank
Business
September 4, 2013
Qatar to suspend bond transferals from Egyptian bank
The Qatari government notified the Egyptian government on Monday of its decision to indefinitely suspend bond transfers from the Central…
Foreign reserves drop to US$14.9 bn at end of June
Egypt
July 7, 2013
Foreign reserves drop to US$14.9 bn at end of June
International currency reserves dropped from US$16,039 billion at the end of May to US$14,921 billion at the end of June,…
Central Bank: Qatar’s promised $3 bn in aid not yet received
Business
April 20, 2013
Central Bank: Qatar’s promised $3 bn in aid not yet received
Central Bank of Egypt Governor Hesham Ramez said Egypt has not yet received a Qatari deposit of US$3 billion intended…
Officials: Central Bank auction reduces black market dollar price
Business
April 14, 2013
Officials: Central Bank auction reduces black market dollar price
A US$600 million auction proposed by the Central Bank of Egypt Sunday reduced price of dollars on the black market…
Central Bank: Egypt can meet import needs
Business
March 28, 2013
Central Bank: Egypt can meet import needs
Egypt can meet its demands for petroleum and food imports, despite its troubled economy, according to Central Bank of Egypt…
Libya mulls aid for Egypt
Business
March 27, 2013
Libya mulls aid for Egypt
Libya is considering extending financial aid to Egypt to help its North African neighbor overcome a severe economic crisis, Libyan…
Egypt’s economy: From crisis to crash
Opinion
March 26, 2013
Egypt’s economy: From crisis to crash
Since February 2011, Egyptian authorities have designed their fiscal, monetary and exchange rate policies for the sole purpose of preventing…
US dollar deposits grow as pound falls
Business
March 19, 2013
US dollar deposits grow as pound falls
Egyptians are continuing to convert Egyptian pound bank deposits into US dollars, fearing further depreciation for the embattled currency. A…
Central Bank: Foreign reserves continue to fall, but at a slower pace
Egypt
March 4, 2013
Central Bank: Foreign reserves continue to fall, but at a slower pace
Egypt’s foreign reserves dropped slightly to US$13.5 billion in late February, down from $13.6 billion late January, Central Bank of…