Central Bank of Egypt (CBE)
Stock exchange rises on LE5.7 billion
Egypt
August 4, 2013
Stock exchange rises on LE5.7 billion
Stock exchange indices rose considerably on Sunday, supported by liquidity injected by the sale of Orascom Construction Industries and a…
CBE: Annual inflation increases to 8.56 percent in June
Business
July 10, 2013
CBE: Annual inflation increases to 8.56 percent in June
Annual inflation has increased to 8.56 percent, the Central Bank of Egypt (CBE) said on Wednesday. The inflation index…
Egypt pound strengthens at central bank currency sale
Business
July 8, 2013
Egypt pound strengthens at central bank currency sale
The Egyptian pound strengthened at a central bank sale of foreign exchange on Monday, hours after violence broke out between…
Egypt protests could heap pressure on beleaguered currency
Business
June 28, 2013
Egypt protests could heap pressure on beleaguered currency
Egypt's central bank faces an uphill task keeping the country's currency stable if mass anti-government protests planned over the coming…
Government may raise dollar supply before 30 June
Business
June 17, 2013
Government may raise dollar supply before 30 June
The Central Bank of Egypt (CBE) will likely hold an auction to sell dollars to local banks before 30 June,…
Egypt in late stages of verifying IMF reform plan
Business
June 15, 2013
Egypt in late stages of verifying IMF reform plan
Egypt's government is in the late stages of verifying its economic reform programme with the International Monetary Fund (IMF) before…
Foreign currency reserves rise to US$16 billion in May
Business
June 6, 2013
Foreign currency reserves rise to US$16 billion in May
Net foreign currency reserves climbed to US$16.039 billion at the end of May, up from US$14.4 billion at the end…
Egypt sells $38.5 mln at forex auction
Business
May 29, 2013
Egypt sells $38.5 mln at forex auction
Egypt's central bank sold $38.5 million to banks in a foreign exchange auction on Wednesday, with the cut-off price weakening…
Egypt leaves price of currency unchanged at forex auction
Business
May 27, 2013
Egypt leaves price of currency unchanged at forex auction
Egypt's central bank sold $38.4 million to banks in a foreign exchange auction on Monday, with the cut-off price unchanged…
Central Bank cancels currency auction, to announce new mechanism Monday
Business
February 4, 2013
Central Bank cancels currency auction, to announce new mechanism Monday
Egypt's central bank cancelled an auction of foreign currency on Sunday and said it would announce details of upcoming auctions…