Egypt’s Central Bank Offers US$ 800 Mln At Exceptional FX Auction
The Central Bank of Egypt (CBE) Offers US$ 800 million on Wednesday at an exceptional auction so as to address the…
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Egypt’s Central Bank Accepts EGP 10 Bln At 7th Deposit Auction
The Central Bank of Egypt (CBE) has accepted EGP 10 billion worth of seven-day deposits at a fixed interest rate of…
Egypt’s Central Bank Offers US$ 40 Mln At Monday’s FX Auction
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks at its first forex auction this week.…
Egyptian Banking Officials Protest New Loan Loss Provision Tax
A recent decision by Egypt's Shura Council to amend banking regulations increasing the tax burden on the nation's…
Hatem Saleh: Exports Climb 5%…Imports Down 19% In Q1 of 2013
Eng. Hatem Saleh, Egyptian Minister of Industry, unveiled that the volume of the Egyptian exports rose by 5%, while…
New Egypt Central Bank Ruling A Blow For Local Money Market Funds
Egypt's central bank, worried that banks are investing too much of their cash in local money market and fixed…
Egypt’s Central Bank Offers US$ 40 Mln At Thursday’s FX Auction
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks on Thursday at the 58th FX auction and…
CBE Offers US$ 40 Mln At Wednesday’s FX Auction
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks on Wednesday at its second FX auction…
Egypt’s Central Bank Accepts EGP 12 Bln At Deposit Auction
The Central Bank of Egypt (CBE) has accepted EGP 12 billion worth of seven-day deposits at a fixed interest rate of…
Egypt’s Central Bank Forms 2 Committees To Study Applying FATCA
The Central Bank of Egypt (CBE) has decided to form two committees to study the application of Foreign Account Tax…