Suez Canal Bank To Launch Three New Branches In 2013
Suez Canal Bank has received the Central Bank of Egypt’s (CBE) approval to launch three new branches this year to…
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CBE
Egypt Pound Hits Record Low After Forex Auction
Egypt's pound weakened to a record low against the dollar in interbank trade after a foreign currency sale on…
El-Okdah’s FX Auction Reason Behind Dollar Shortage: Ali Fayez
Ali Fayez, former general manager of Federation of Egyptian Banks (FEB), stated that the FX auction mechanism,…
CBE Offers US$ 40 Mln To Local Banks On Thursday
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Thursday so as to address the dollar…
Dollar Inches EGP 0.1 Higher On Central Bank’s 21st FX Auction
As Egypt’s Central Bank has offered its 21st FX auction, the U.S. dollar’s exchange rate for Wednesday rose to EGP…
CBE Offers US$ 40 Mln To Local Banks At Its 21st FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks on Wednesday, with a maximum of US$ 6 million…
US Dollar Stable At EGP 6.74 On Not Offering FX Auctions
As Egypt’s Central Bank has not offered its 21st FX auction, the exchange rate of the U.S. dollar has witnessed…
CBE Offers US$ 40 Mln To Local Banks At Its 20th FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks so as to address dollar shortage at the…
Dollar Remains With Change At EGP 6.74 On Not Offering FX Auctions
As Egypt’s Central Bank has not offered its 20th FX auction, the exchange rate of the U.S. dollar has remained with…
Banks’ Investments In Securities Hit EGP 595.8 Bln At End-Nov. 2012
The Egyptian banking sector’s securities portfolio surged by 2.6% (EGP 15.1 billion), registering EGP 595.8 billion…