Egypt main index hits highest since July 2013 after currency devaluation
Egypt’s main index, EGX30 touched its highest since July 2013 following the central bank's move to partially…
Browsing Tag
Egypt’s central bank
Egypt central bank partially devalues Egyptian pound to 8.85 per dollar
Egypt's central bank has partially depreciated the Egyptian pound to 8.85 per dollar from 7.73 in an exceptional…
QNB to sign $6.4 million deal in support of Egypt SMEs this month
Qatar National Bank AlAhli S.A.E. (QNB AlAhli) is to sign this month its first contract with Social Fund for…
Egypt lifts caps on forex deposits, withdrawals for essential goods imports
Egypt's central bank has removed Wednesday caps on foreign exchange deposits and withdrawals for companies…
Egypt central bank chief aims to raise FX reserves to $25 billion in 2015
Egyptian Central Bank Governor Tarek Amer said the bank aims to increase Egypt's foreign reserves to $25 billion by…
Egypt central bank ends foreign currency caps on individuals
Egypt's Central Bank (CBE) has lifted the monthly cap on dollar deposits and withdrawal by individuals, it said in…
Dollar shortage may force Italcementi to change regional hub from Egypt
Italian cement maker Italcementi SpA may consider moving its regional hub from Egypt if the country’s dollar…
Egypt central bank to hold exceptional $500 million FX auction Sunday
Egypt's central bank announced Sunday it would hold an exceptional auction for $500 million, pumping more foreign…
Egypt’s central bank receives $900 million from China under Jan deal: official
Egypt's central bank has received $900 million from the China Development Bank under a $1 billion financing…
Egypt raises dollar deposit caps for imports of essential goods
Egypt’s central bank announced Tuesday that it would raise the monthly limit to $250,000 from $50,000 for importers…