CBE Offers US$60 Mln At Tuesday FX Auction
The Central Bank of Egypt (CBE) offered US$60 million to banks at a foreign currency auction on Tuesday. CBE…
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Egypt’s foreign reserves
Egypt Reserves Steady, Despite “Critical” Warning
Egypt's central bank said on Sunday its foreign reserves were barely changed in December, despite alarming…
Egypt’s Foreign Reserves Fell US$ 21 Mln In December 2012
Egypt’s foreign cash reserves dropped US$ 21 million to reach US$ 15.014 billion at the end of last December,…
El-Atreby Denies Egypt’s Foreign Reserves Usage In Pound Value Maintenance
Mohamed El-Atreby, chairman of Egyptian Arab land Bank (EALB) and member of the Federation of Egyptian Banks,…
Oriental Weavers Sales To Witness Some Boost As Pound Weakens; Expert
Oriental Weavers Co. – OW (ORWE.CA), which exports most of its products to the U.S., rose to the highest level in…
Fitch Says Egypt’s New FX Regime Positive Step In Tough Circumstances
Fitch Ratings stated in a report issued on Thursday that Egypt's new exchange rate regime has brought greater…
Banque Du Caire Withdrew US$60 Mln From Switzerland To Meet Dollar Demand
Mohamed Taha, deputy chairman of Banque Du Caire, affirmed that the bank has strong dollar liquidity and can…
IMF Says Welcomes Egypt’s Effort To Safeguard Reserves
The International Monetary Fund said on Monday it welcomed steps that Egypt has taken to stop a drain on its…
CBE Offers US$75 Mln At 2nd Currency Auction
The Central Bank of Egypt (CBE) said it was offering to sell $75 million to banks on Monday at its second foreign…
Egypt Offers Banks US$75 Mln At Maiden Foreign Currency Auction
The Central Bank of Egypt (CBE) said it was offering $75 million at its first foreign currency auction on Sunday,…