Central Bank of Egypt (CBE)
Egyptian pound steady in regular dollar sale, weaker on black market
Business
October 11, 2016
Egyptian pound steady in regular dollar sale, weaker on black market
Egypt's central bank kept the Egyptian pound steady against the dollar at Tuesday's weekly auction of foreign currency, but the…
CBE announces $3 bn rise in net foreign reserves on last month
Business
October 3, 2016
CBE announces $3 bn rise in net foreign reserves on last month
The Central Bank of Egypt (CBE) has announced a US$3 billion increase in net foreign reserves in late September compared…
Dollar price climbs on black market after rumors of partial floatation of pound
Business
October 1, 2016
Dollar price climbs on black market after rumors of partial floatation of pound
The black-market exchange rate for US dollars increased once again Friday as rumors circulated that the Central Bank of Egypt…
Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report
Business
September 23, 2016
Revenues from Suez Canal traffic down by 4.5% on previous year: CBE report
In a report published on Wednesday, the Central Bank announced that revenues from Suez Canal traffic decreased by 4.5 percent…
CBE reports net outflow in Egypt’s travel balance
Business
September 21, 2016
CBE reports net outflow in Egypt’s travel balance
Egypt's travel payments rose from US$3.3 billion to $4.1 billion in the fiscal year 2015/2016, creating a net outflow in…
Egypt foreign reserves rise to $16.564 bln end-august: CBE
Business
September 5, 2016
Egypt foreign reserves rise to $16.564 bln end-august: CBE
Egypt's net foreign reserves rose to US$16.564 billion at the end of August, the Central Bank of Egypt (CBE) said…
Egypt sets jail as punishment for black market forex trading
Business
August 10, 2016
Egypt sets jail as punishment for black market forex trading
Egypt's parliament on Tuesday set prison sentences of between three and 10 years in jail and fines of up to…
Yields mixed at Egypt T-bill auction
Business
August 7, 2016
Yields mixed at Egypt T-bill auction
August 7 Yields on Egypt's three-month treasury bills fell and yields on nine-month bills rose at Sunday's auction, data from…
Egypt suspends 10 foreign exchange bureaus over black market trading
Egypt
August 2, 2016
Egypt suspends 10 foreign exchange bureaus over black market trading
Egypt's central bank on Monday suspended for one year the licenses of 10 foreign exchange bureaus in Cairo after finding…
Yields drop at Egypt T-bill auction
Business
August 1, 2016
Yields drop at Egypt T-bill auction
Yields on Egypt's three-month and nine-month treasury bills edged down at Sunday's auction, data from the central bank website showed.The…