Central Bank of Egypt

Egypt returns $2 bln to Qatar after talks to securitize it fail
Business

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

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

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

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

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

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

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

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

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

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…
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