Central Bank of Egypt
Banking sources: Egypt to extend tenure of central bank chief
Business
October 9, 2011
Banking sources: Egypt to extend tenure of central bank chief
Egypt’s ruling Supreme Council of the Armed Forces (SCAF) is leaning toward extending the tenure of Central Bank of Egypt…
Government restructures boards of public banks
Business
September 20, 2011
Government restructures boards of public banks
Prime Minister Essam Sharaf has issued a resolution to restructure the boards of state-owned banks on 25 September 2011 for…
Sources: CBE’s governor to be reinstated for one more year
Business
September 14, 2011
Sources: CBE’s governor to be reinstated for one more year
Egypt's ruling military council and the prime minister's cabinet are considering reinstating the Central Bank of Egypt governor and board…
Egypt to offer LE4 billion in bonds
Business
September 12, 2011
Egypt to offer LE4 billion in bonds
Egypt's Finance Ministry will offer LE4 billion (US$669.7 million) in two and three-year bonds in an auction on 19 September,…
Central Bank official: No maximum wage for public banks’ leaders
Business
September 7, 2011
Central Bank official: No maximum wage for public banks’ leaders
A maximum wage for the leaderships of the Central Bank of Egypt (CBE) and the presidents of public banks has…
Egypt keeps interest rates on hold, inflation still a concern
Business
August 25, 2011
Egypt keeps interest rates on hold, inflation still a concern
Egypt's central bank kept its benchmark interest rates on hold at a meeting on Thursday, reflecting continued concern about inflation…
Through transition, Central Bank seeks stability, maintains secrecy
Business
July 21, 2011
Through transition, Central Bank seeks stability, maintains secrecy
The events of the past six months have shaken Egypt’s economy, drying up tourism and leaving international investors leery. But…
CBE: June cash reserve losses total US$700mn
Business
July 4, 2011
CBE: June cash reserve losses total US$700mn
Egypt's cash reserve lost US$700 million in June. By the end of the month it was $26.5 billion, compared to…
Central Bank announces decline in foreign reserves
Business
June 7, 2011
Central Bank announces decline in foreign reserves
The Central Bank of Egypt (CBE) on Tuesday announced that international reserves decreased to US$27.2 billion by end of May,…
Foreign Ministry calls on Egyptians abroad to contribute to national economy
Business
March 23, 2011
Foreign Ministry calls on Egyptians abroad to contribute to national economy
The Foreign Ministry on Wednesday called on Egyptians living abroad to donate to the national economy via two accounts at…