Central Bank of Egypt
Foreign reserves climb by US$441 mn in October
Business
November 5, 2012
Foreign reserves climb by US$441 mn in October
The foreign reserves rose by US$441 million in October, the Central Bank of Egypt said on its website Monday. Net…
Foreign reserves likely up US$300-400 mn, newspaper says
Business
October 29, 2012
Foreign reserves likely up US$300-400 mn, newspaper says
Foreign reserves probably rose US$300 million to $400 million in October thanks to loans from Qatar and Turkey, state-run Al-Gomhurriya…
Central Bank sources: Foreign banks seek to buy Egyptian banks
Business
October 8, 2012
Central Bank sources: Foreign banks seek to buy Egyptian banks
The Central Bank of Egypt has received several requests from foreign banks to buy out BNP Paribas and French Societe…
Foreign reserves fall by US$84 mn in September
Business
October 8, 2012
Foreign reserves fall by US$84 mn in September
Egypt's foreign reserves fell by US$84 million in September, but held above $15 billion for a third straight month after…
Electricity companies facing fuel shortage, ministry source says
Egypt
October 8, 2012
Electricity companies facing fuel shortage, ministry source says
Companies are facing fuel shortages that are threatening electricity production in the country, a senior source at the Electricity and…
IMF did not ask for devaluation of the Egyptian pound, says official
Egypt
September 29, 2012
IMF did not ask for devaluation of the Egyptian pound, says official
Central Bank of Egypt governor Farouk al-Oqda said that the Egyptian economy is getting better and that, contrary to…
In debate over devaluating the pound, officials avoid sparking panic
Business
September 4, 2012
In debate over devaluating the pound, officials avoid sparking panic
In the past year, Egypt has been dealt a series of crippling economic blows, but the Egyptian pound has not…
Central bank official: Foreign reserves may hit US$21.2 bn
Business
August 21, 2012
Central bank official: Foreign reserves may hit US$21.2 bn
An official at the Central Bank of Egypt told a state-run paper that he predicted the country's foreign reserve…
Egypt expects Qatar deposit within a week, minister says
Business
August 13, 2012
Egypt expects Qatar deposit within a week, minister says
Qatar should deposit US$500 million in Egypt’s central bank within a week, the Egyptian finance minister said, as the country…