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…
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Egypt’s Dollar Shortage
Egypt black-market pound climbs despite central bank’s FX bid
Egyptian pound weakened to a record Sunday despite the central bank’s $500 million exceptional foreign exchange…
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 foreign reserves climb to $16.5 billion in February
Egypt’s foreign currency reserves have surged by $56 million in February for the fifth consecutive month, to reach…
Egypt aims to slash import bill by 25% in 2016: c.bank governor
Egypt aims to reduce its import bill by 25 percent in 2016 compared to the previous year after the central bank…
Egypt’s central bank injects dollars into banks, seeking to ease shortage
Egypt's central bank injected Sunday more foreign currency liquidity into the banking system in a surprise…
Egypt’s central bank pledges $868.5 million to revive faltering factories
Egypt’s central bank pledges to secure around 6.8 billion Egyptian pounds (US$868.5 million) dedicated for…
Egypt’s foreign reserves rose $7 million in November
Egypt's foreign currency reserves inched higher by US$7 billion to record US$16.423 billion dollars at the end of…
Egypt Central bank repays $547.2 million to foreign investors
Egypt’s central bank (CBE) said Tuesday it cleared the backlog of funds it owed foreign investors who sold local…
