Central Bank of Egypt (CBE)
What devaluation? Egyptian currency traders shrug off black market crackdown
Business
April 22, 2016
What devaluation? Egyptian currency traders shrug off black market crackdown
Egypt's war on black market currency traders is not going to plan. One month after a devaluation that was supposed…
We will keep basic goods prices stable despite dollar crisis: Sisi
Business
April 14, 2016
We will keep basic goods prices stable despite dollar crisis: Sisi
Egypt's President Abdel Fattah al-Sisi said on Wednesday he would make sure the price of basic goods does not increase,…
Egypt central bank to keep pound stable say bankers, pound weakens on black market
Business
April 7, 2016
Egypt central bank to keep pound stable say bankers, pound weakens on black market
Egypt's central bank will keep the pound stable at LE8.78 pounds to the dollar in Thursday's additional foreign currency auction,…
Egyptian pound weakens to record against the dollar on black market
Business
March 28, 2016
Egyptian pound weakens to record against the dollar on black market
The Egyptian pound fell to an unprecedented low on the black market on Monday, five traders said, as hard currency…
Egypt’s yields on 91-day, 266-day T-bills jump at auction
Business
March 27, 2016
Egypt’s yields on 91-day, 266-day T-bills jump at auction
Yields on Egypt's three-month and nine-month treasury bills rose at an auction on Sunday, finance ministry data showed.The average yield…
Auto franchises most likely to increase prices: newspaper
Business
March 18, 2016
Auto franchises most likely to increase prices: newspaper
A number of automobile franchise big names have concurred that car prices will likely rise steeply as a result of…
Food prices will not rise due to dollar price: President Sisi
Egypt
March 18, 2016
Food prices will not rise due to dollar price: President Sisi
Food prices will not be affected by recent hikes in US dollar rates against the Egyptian pound, President Abdel Fattah…
What will Egypt’s flexible exchange rate look like?
Business
March 18, 2016
What will Egypt’s flexible exchange rate look like?
Egypt's decision to make the exchange rate more flexible will return the central bank to the managed float in use…
EgyptAir reconsiders ticket prices following dollar hike
Business
March 16, 2016
EgyptAir reconsiders ticket prices following dollar hike
EgyptAir is considering increasing prices of plane tickets following a recent 14 percent surge in the US dollar price against…
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
Business
March 15, 2016
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
Egypt's central bank will hold the pound steady at 8.85 pounds per dollar at an exceptional foreign currency auction on…