Partnership for Development Initiative; a Key Boost to PPP in Egypt
Partnership for Development Initiative is the first of its kind in Egypt aiming to bolster a sustainable…
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CBE
CBE Decreases Issuance Of Weekly FX Auctions
The Central Bank of Egypt (CBE) sold $300m Thursday, instead of the usual $40m, at a regular FX auction to cover…
Egypt’s Central Bank to raise T-Bills worth 7bn pounds Sunday
The Central Bank of Egypt (CBE) will offer Sunday treasury bills estimated at EGP 7 billion, on the behalf of the…
Central Bank of Egypt reduces FX Auction Days to 3 per Day
Egypt's central bank (CBE) announced Thursday it will only hold three foreign exchange auctions per week, instead…
BREAKING: Egypt’s Foreign Reserves mark four-year High in April
Egypt's foreign currency reserves climbed to US$20.525 billion at the end of April, up 34 percent from earlier…
Egypt sells $500mn in Interbank Market to meet Strategic Food Demands
Egypt's central bank announced on Monday it sold $500 million in the interbank market. The bank said it aims to…
Arab Banking Conference 2015 kicks off in Cairo today
Egypt is hosting today the Arab Banking Conference 2015, with the theme of 'Financing for Development'. The…
Egypt Central Bank may cut Rate today on Gulf Aid; EFG-Hermes says
Egypt’s central bank is likely to cut interest rates on Thursday after receiving US$6 billion in deposits from Gulf…
Egypt Central Bank seen to hold Rates after Inflation Pick-up – Survey
Egypt's central bank is expected to keep interest rates on hold on Thursday, choosing not to cut borrowing costs to…
Kuwait deposits $2 billion in Egypt, 1st since March Summit
Egypt’s central bank has received US$2 billion worth of deposit from the Kuwaiti government to support the North…