forex news EFG-Hermes Downgrades USD-EGP Forecasts To EGP 7.75 By June Yomna Yasser Feb 6, 2013 0 In a report issued on Wednesday, EFG-Hermes (HRHO.CA) has downgraded its forecast for the official USD-EGP exchange…
Banks Hisham Ramez Calls For Lifting Ban On Traveling With $10,000 To Egypt Administrator Feb 6, 2013 0 The newly-appointed Governor of the Central Bank of Egypt (CBE) Hisham Ramez stated that the economy’s problem is…
Banks Egypt’s Foreign Reserves Fell To US$ 13.6 Bln, Registering Record Since 1990s Administrator Feb 5, 2013 0 Egypt’s foreign reserves retreated to US$ 13.613 billion at the end of last January, compared with US$ 15.014…
Banks US$12.8 Bln Foreign Investments Flee Egypt In 2011, 2012: CBE Administrator Feb 2, 2013 0 The Central Bank of Egypt (CBE) stated that foreign investors divested US$ 12.839 billion from the Egyptian market…
Banks CBE Reveals Foreign Currency Funds’ Usages In 2011, 2012 Administrator Feb 2, 2013 0 The Central Bank of Egypt (CBE) revealed the uses of the foreign currency funds allocated by the government for…
Banks Fitch Cuts Egypt’s Long-Term Foreign Currency Issuer Default Rating Yomna Yasser Jan 31, 2013 0 Fitch Ratings has downgraded Egypt's Long-term foreign and local currency Issuer Default Ratings (IDRs) to 'B' from…
Banks Al Baraka Bank Launches New Deposit Account Scheme To Attract Dollar Liquidity Administrator Jan 28, 2013 0 Al Baraka Bank of Egypt is set to launch a new savings pool to encourage individuals to transfer their dollar funds…
Banks CBE Offers US$ 75 Mln To Local Banks On Tuesday FX Auction Administrator Jan 22, 2013 0 The Central Bank of Egypt (CBE) offers US$ 75 million to local banks on Tuesday at its 13th FX auction, with a…
forex news Dollar Hits EGP 6.56 On Central Bank’s 9th Day Auction: NBE Yomna Yasser Jan 13, 2013 0 The Egyptian pound weakened at a central bank auction of dollars on Sunday, the ninth such sale since it introduced…
Banks CBE Offers US$ 75 Mln To Local Banks On Sunday FX Auction Administrator Jan 13, 2013 0 The Central Bank of Egypt (CBE) offered US$75 million to local banks at foreign currency auction on Sunday,…