Central Bank of Egypt (CBE)
Sukari Mining, CBE hold barter agreement, increasing gold reserves
Egypt
February 18, 2018
Sukari Mining, CBE hold barter agreement, increasing gold reserves
The Sukari Mining Company in the Red Sea governorate implemented in February a barter agreement with the Central Bank of…
Egypt govt mulls establishing new public transport company
Egypt
February 13, 2018
Egypt govt mulls establishing new public transport company
Egypt Prime Minister Sherif Ismail discussed on Monday with the Governor of the Central Bank, Transport, Local Development ministers, and…
Egypt negotiates with Saudi Arabia, Kuwait to extend deposit maturity
Business
February 10, 2018
Egypt negotiates with Saudi Arabia, Kuwait to extend deposit maturity
Egypt is negotiating with Saudi Arabia and Kuwait to extend the maturity of deposits for a new term, high-level government sources…
Over LE100 bn in cash flows since flotation of the pound: CBE governor
Business
February 6, 2018
Over LE100 bn in cash flows since flotation of the pound: CBE governor
The volume of cash flows into the Egyptian economy since the flotation of the pound in November 2016 has exceeded…
Egypt’s foreign reserves jump to $38.2 bln in January
Business
February 4, 2018
Egypt’s foreign reserves jump to $38.2 bln in January
The Central Bank of Egypt (CBE) on Sunday said that foreign currency reserves rose by $1.2 billion to $38.209 billion…
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Business
January 17, 2018
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Fitch Ratings Inc., one of the three biggest credit rating agencies in the world, raised Egypt’s long-term Foreign-Currency Issuer Default…
Meet Rania Mashat, Egypt’s first female Tourism Minister, set to revolutionize the industry
Egypt
January 15, 2018
Meet Rania Mashat, Egypt’s first female Tourism Minister, set to revolutionize the industry
Prime Minister Sherif Ismail’s latest cabinet changes took a step towards female empowerment, with two of the four newly-appointed ministers…
Annual inflation rate declines by 0.2%, lowest since November 2015: CAPMAS
Egypt
January 11, 2018
Annual inflation rate declines by 0.2%, lowest since November 2015: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) stated on Wednesday that the annual inflation rate declined by 0.2…
CBE warns against Bitcoin transactions
Egypt
January 10, 2018
CBE warns against Bitcoin transactions
The Central Bank of Egypt (CBE) warned against using virtual currencies, namely Bitcoin, due to the high risks involved, describing…
Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE
Economy
January 3, 2018
Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE
Egypt’s net foreign currency reserves climbed to an all-time high of $37.19 billion in December 2017, the Central Bank of Egypt (CBE)…