C.Bank Raises its Second FX Auction for this Week at US$40mn
The Central Bank of Egypt (CBE) has offered today its second foreign exchange auction for this week totaled US$ 40…
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Egypt Renews Money Transfer Restrictions for Individuals at USD100k Maximum
Egypt’s Central Bank has renewed its decree imposed in 2013 concerning allowing any money transfers on condition of…
Yellen Gets Final Stamp of Approval to Head U.S. Fed
Janet Yellen, a key force behind the Federal Reserve's unprecedented and controversial efforts to boost the U.S.…
CBE: Egypt’s Forex Reserves Dip $734 mln in December
The Central Bank of Egypt (CBE) announced on Monday the country’s foreign cash reserves hit $17.031 billion at the…
Egypt Has Paid $700 mln to Paris Club – Official
Egypt repaid last Thursday US $ 700 million of its foreign debt dues to the Paris Club, the country’s central bank…
HSBC’s Egypt PMI Signals Improving Economic Conditions
HSBC said in its ‘Egypt PMI’ report issued on Monday that Egypt’s rate of output growth hit new record high in…
Barclays Eyes Bolstering Market Share in Egypt to 6% within 3 Years
Barclays Bank is looking forward to bolstering its market share in Egypt up to 6% within the next three years,…
AUB Egypt: Total Dollar Remittances Hit $300 mln in 2013
In 2013, Ahli United Bank – Egypt (AUB) reported total dollar remittances worth US $ 300 million, the lender’s CEO…
Egypt Farm Bank Mulls Entire Wheat Crops Purchase
Egypt's main agricultural bank - the Principal Bank for Development and Agriculture Credit (PBDAC) is considering…
National Bank of Oman – Egypt Attains Profits worth $1 bln in 2012
The National Bank of Oman – Egypt recorded a net profit worth US $ 1.084 million by the end of 2012, 55.5% down…