INTERVIEW: IMF’s Lagarde says Egypt exchange rate must be addressed
Egypt is facing a crisis in terms of foreign currency exchange rates which must be addressed, as the official rates…
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Central Bank of Egypt
Egyptian pound vs global currencies at early Sunday trade
The table below demonstrates the exchange rates of a number of key Arab and global currencies against the Egyptian…
Egypt’s net FDI falls 21.5% to $1.265 billion in FY2015/16: CBE
Egypt’s net foreign direct investments (FDI) fell 21.5 percent in the financial year ending 30 June 2016 to stand…
Egypt to receive first $2.5 billion payout of IMF loan ‘in 15 days’
Egypt is set to receive the first $2.5 billion tranche of a $12 billion three-year loan facility from the…
CBE fixes US dollar at EGP 8.78, launches regular auction with $120m
The Central Bank of Egypt (CBE) launched Tuesday its regular weekly auction to sell US dollars to banks, asserting…
5 banks in Egypt account for 71.47% of banking sector profits at June-end
The five largest banks in Egypt acquired 71.47 percent of the total profits made by banks operating in the Egyptian…
Egypt’s Saudi $2 billion deposit showed in Sept reserves: PM
Egypt received a $2 billion central bank deposit from Saudi Arabia during September, the country’s prime minister…
CBE keeps EGP unchanged vs dollar, contradicts flotation forecasts
The Central Bank of Egypt (CBE) kept the local currency’s rate stable at EGP 8.78 against the US dollar at…
Egypt’s foreign reserves rose to $19.6bn in September: CBE
Egypt’s net international reserves rose in September to $19.591 billion up from $16.564 billion in August, the…
CBE: Egypt’s foreign reserves 13% higher in September
Egypt’s net foreign reserves surged 18% to $19.591 billion at the end of September, the central bank of Egypt…
