Central Bank of Egypt (CBE)

What devaluation? Egyptian currency traders shrug off black market crackdown
Business

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

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

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

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

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

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

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

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

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

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…
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