Central Bank of Egypt (CBE)
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…
Dollar price drops on black market as talks on $12bn IMF loan announced
Business
July 28, 2016
Dollar price drops on black market as talks on $12bn IMF loan announced
The price of the US dollar has fallen against the Egyptian pound on the black market after the official announcement…
Egypt’s central bank keeps pound stable at 8.78 per dollar
Business
July 26, 2016
Egypt’s central bank keeps pound stable at 8.78 per dollar
The Central Bank of Egypt (CBE) kept the pound stable at 8.78 per dollar at its weekly foreign currency auction…
Egypt’s central bank says not time to float pound, devaluation depends on timing
Business
July 21, 2016
Egypt’s central bank says not time to float pound, devaluation depends on timing
Egypt's central bank governor said on Wednesday that the time was not right to float the Egyptian pound, which has…
Central bank to keep pound stable at forex auction amid devaluation talk
Business
July 12, 2016
Central bank to keep pound stable at forex auction amid devaluation talk
Egypt's central bank will keep the Egyptian pound stable at 8.78 to the dollar at its weekly foreign exchange auction…
Egypt surges on expectations of currency devaluation
Business
July 5, 2016
Egypt surges on expectations of currency devaluation
Cairo's main stock index rose 2.9 percent on Monday on expectations of a further currency devaluation this fiscal year, while…