Central Bank of Egypt
Update: Jump in Egypt foreign reserves may mask problem
Business
June 6, 2012
Update: Jump in Egypt foreign reserves may mask problem
Egypt's foreign reserves rose by US$302 million in May, their second successive monthly increase, but the positive number may mask…
Central Bank demands restructuring of energy subsidies
Business
May 29, 2012
Central Bank demands restructuring of energy subsidies
The deputy governor of the Central Bank of Egypt has called for the restructuring of energy subsidies, which are a…
Egypt gets US$1 bn from Saudis, clearing IMF hurdle
Business
May 10, 2012
Egypt gets US$1 bn from Saudis, clearing IMF hurdle
Saudi Arabia has transferred US$1 billion to Egypt's central bank, an Egyptian minister said on Thursday, in a move seen…
Central Bank examines easing restrictions on small enterprises
Business
May 2, 2012
Central Bank examines easing restrictions on small enterprises
The Central Bank of Egypt is examining giving new facilities to small- and medium-scale enterprises (SMEs) in cooperation with international…
Egypt to offer LE2.5 billion in reopened bonds
Egypt
April 30, 2012
Egypt to offer LE2.5 billion in reopened bonds
The Finance Ministry will offer LE2.5 billion (US$413.5 million) in reopened bonds at an auction on 7 May, the Central…
Bibliotheca Alexandrina negotiates release of funds in Suzanne Mubarak’s account
Egypt
April 16, 2012
Bibliotheca Alexandrina negotiates release of funds in Suzanne Mubarak’s account
Bibliotheca Alexandrina administrators have entered into negotiations with Central Bank of Egypt officials to release the funds of former first…
Central Bank sells more dollar T-bills than it sought
Business
February 21, 2012
Central Bank sells more dollar T-bills than it sought
The Central Bank of Egypt said it sold more one-year US-dollar-denominated treasury bills on Tuesday than it had sought and…
Looming devaluation of Egyptian pound may have lasting effects
Business
February 13, 2012
Looming devaluation of Egyptian pound may have lasting effects
With a loan deal between Egypt and the International Monetary Fund still uncertain and foreign investors still wary of returning,…
Egypt to offer US$1bn in 1-year USD T-bills
World
January 17, 2012
Egypt to offer US$1bn in 1-year USD T-bills
Egypt's central bank on Tuesday said it will offer US$1 billion in dollar-denominated 1-year treasury bills at an auction on…
Egypt sells LE5 billion in T-bills, yields rise
Business
October 30, 2011
Egypt sells LE5 billion in T-bills, yields rise
Egypt's Central Bank sold LE5 billion (US$837.55 million) in domestic treasury bills on Sunday, the same amount it had offered,…