Egypt’s central bank is expected to keep key interest rates unchanged at its meeting on Thursday after inflation dropped back to within the ...
Remittances from Egyptians abroad are expected to hit $26 billion for the 2017-18 fiscal year that ended in June, the central bank said late on ...
Egypt’s Central Bank Governor said foreign inflows have exceeded $120 billion since its pound currency was floated in November 2016, state ...
Egypt’s central bank raised its key interest rates by 200 basis points on Sunday, citing stronger economic growth and falling unemployment, ...
The central bank said it had offered $40 million and sold $37.5 million at a cut-off price of 7.7301 pounds per dollar
The overnight deposit rate remains 8.75 percent and the overnight lending rate is steady at 9.75, the bank said in a statement
Egypt is gearing up for a much-heralded investment conference in Sharm el-Sheikh later this week
The rates at which banks are allowed to trade dollars are determined by the results of central bank sales
The central bank listed eligible subscribers as local banks and foreign financial institutions
Egypt has been suffering from a sustained dollar shortage as political turmoil unnerved foreign investors and tourists
The bank said its monetary policy committee (MPC) left the overnight deposit rate at 8.25 percent and its overnight lending rate at 9.25 percent
Many Egyptians live below the poverty line, residing in slums with no access to water or sewage
Egypt's foreign exchange reserves have been hit by political turmoil since the fall of former president Husni Mubarak
Many overseas Egyptians’ prefer to send money home via the black market, where they get better exchange rates
The auctions started when former president Mohammad Mursi was in office
The central bank last week allowed the pound to slip against the dollar at official prices
Measure is an effort to tame inflation
Egypt’s central bank governor, Hisham Ramez, has criticized the International Monetary Fund over the manner in which his country was invited to ...
Egypt’s central bank has received a $2 billion deposit from Kuwait, the governor said on Thursday. The deposit is part of $12 billion in aid ...
Kuwait is set to deposit aid worth $2 billion in Egypt’s Central Bank within the coming week, the bank’s governor told Al Arabiya. Hisham ...
The Central Bank of Egypt will conduct its largest foreign exchange auction yet, selling $1.3 billion to banks with clients who need U.S. dollars to ...
Yields on Egyptian treasury bills climbed at an auction on Sunday, their second weekly rise since security forces broke up a sit-in of supporters of ...
Egypt’s stock exchange and banks will not open on Thursday following the violence that swept the country in which hundreds were killed. It is ...
Egypt’s central bank has told banks to close their branches early and has advanced the time for a foreign currency auction, a banker said, ahead ...
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