Central Bank of Egypt (CBE)
Experts divided over Egyptian pound devaluation
Business
March 15, 2016
Experts divided over Egyptian pound devaluation
The Central Bank of Egypt's decision to devalue the country’s currency rate has drawn mixed reactions from experts. The Egyptian…
Egypt’s six-month and one-year t-bill rise in Thursday’s auction
Business
March 3, 2016
Egypt’s six-month and one-year t-bill rise in Thursday’s auction
Yields on Egypt's six-month and one-year Treasury bills rose at an auction on Thursday, data from the central bank showed. The…
Egyptian pound steady at auction, weakens on black market
Business
March 3, 2016
Egyptian pound steady at auction, weakens on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Thursday but weakened significantly on…
Egypt’s CIB appoints former central bank governor Ramez as managing director
Business
February 28, 2016
Egypt’s CIB appoints former central bank governor Ramez as managing director
Commercial International Bank (CIB), Egypt's largest listed company, said on Sunday it had appointed former central bank governor Hisham Ramez…
Egyptian pound steady at forex sale, weaker on black market
Business
February 23, 2016
Egyptian pound steady at forex sale, weaker on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened on the…
CBE not to reduce pound exchange rate: governor
Business
February 22, 2016
CBE not to reduce pound exchange rate: governor
The Central Bank of Egypt (CBE) will not reduce the exchange rate of the Egyptian pound before the foreign reserves…
Egyptian pound steady at forex sale and black market
Business
February 21, 2016
Egyptian pound steady at forex sale and black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday and on the black…
Central Bank chief dismisses reports of investor exit as ‘malicious’
Business
February 20, 2016
Central Bank chief dismisses reports of investor exit as ‘malicious’
Central Bank Governor Tareq Amer has assured Egyptians of the resilience of the country’s economy, dismissing reports about investors leaving…
Egyptian pound steady at forex sale, black market under pressure
Business
February 18, 2016
Egyptian pound steady at forex sale, black market under pressure
The Egyptian pound was steady against the dollar at an official forex auction on Thursday and black market traders quoted…
Egypt’s central bank not moving toward weakening the pound: official
Business
February 16, 2016
Egypt’s central bank not moving toward weakening the pound: official
Egypt's central bank is not moving toward devaluing the pound or floating its currency, a central bank official said in…