Central Bank of Egypt
Central bank sells $49.6 mn at forex auction
Business
February 6, 2013
Central bank sells $49.6 mn at forex auction
Egypt's central bank said on Wednesday it had accepted bids worth $49.6 million with a cut-off price of LE6.702 to…
Stock market loses LE3.6 billion Wednesday
Business
February 6, 2013
Stock market loses LE3.6 billion Wednesday
Egyptian stock prices fell Wednesday as investor fears ratcheted up over Egypt's gloomy economic prospects. Shares had dropped nearly LE3.6…
Authorities looking for revenue boost, says planning minister
Business
February 5, 2013
Authorities looking for revenue boost, says planning minister
Minister of Planning and International Cooperation Ashraf al-Araby confirmed Tuesday that Egypt’s foreign cash reserves are enough to cover three…
Central Bank takes new measures to prevent pound slide
Business
February 4, 2013
Central Bank takes new measures to prevent pound slide
The dollar dropped against the pound by about eight piasters on Monday after the Central Bank of Egypt (CBE) adopted a…
As new Central Bank governor, Ramez has big shoes to fill
Business
January 30, 2013
As new Central Bank governor, Ramez has big shoes to fill
President Mohamed Morsy’s decision to appoint Hesham Ramez as the new Central Bank of Egypt chief in January was unsurprising…
Pound dips as weekend violence prompts caution
Business
January 27, 2013
Pound dips as weekend violence prompts caution
The pound weakened against the dollar Sunday, as street violence and deaths added to the political crisis, extending a steady…
Central bank offers $75 mn at currency auction
Business
January 17, 2013
Central bank offers $75 mn at currency auction
The Central Bank of Egypt offered $75 million to banks on Thursday at its 11th foreign currency auction, the same…
Central Bank: US$5 bn in foreign investments left Egypt in six months
Business
January 16, 2013
Central Bank: US$5 bn in foreign investments left Egypt in six months
A total of US$5 billion in foreign investments left Egypt during the last six months, the Central Bank of Egypt…
Morsy appoints new Central Bank governor
Egypt
January 10, 2013
Morsy appoints new Central Bank governor
Hesham Ramez, the CEO of the Commercial International Bank, has been appointed as the new governor of the Central Bank…
IMF wants pound value to drop against US dollar, says official
Business
January 8, 2013
IMF wants pound value to drop against US dollar, says official
The International Monetary Fund has criticized the Central Bank of Egypt for its delay in allowing the Egyptian pound’s value…