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Results for

egypt central bank

24 Results
  • Egypt seen holding key interest rates as inflation retreats

    Egypt seen holding key interest rates as inflation retreats

    Egypt’s central bank is expected to keep key interest rates unchanged at its meeting on Thursday after inflation dropped back to within the ...
    Economy
  • Egypt remittances expected to rise nearly 50 pct to $26 bln

    Egypt remittances expected to rise nearly 50 pct to $26 bln

    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 ...
    Economy
  • Egypt’s foreign inflows exceeded $120 bln since pound float

    Egypt’s foreign inflows exceeded $120 bln since pound float

    Egypt’s Central Bank Governor said foreign inflows have exceeded $120 billion since its pound currency was floated in November 2016, state ...
    Economy
  • In surprise move, Egypt central bank hikes key interest rates

    In surprise move, Egypt central bank hikes key interest rates

    Egypt’s central bank raised its key interest rates by 200 basis points on Sunday, citing stronger economic growth and falling unemployment, ...
    Economy
  • Egyptian pound steady at auction, stronger on parallel market

    Egyptian pound steady at auction, stronger on parallel market

    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
    Banking & Finance
  • Egypt’s central bank keeps benchmark rates unchanged

    Egypt’s central bank keeps benchmark rates unchanged

    The overnight deposit rate remains 8.75 percent and the overnight lending rate is steady at 9.75, the bank said in a statement
    Economy
  • Egypt targets FDI worth $60 billion over four years

    Egypt targets FDI worth $60 billion over four years

    Egypt is gearing up for a much-heralded investment conference in Sharm el-Sheikh later this week
    Economy
  • Egyptian pound steady at official auction, weaker on black market

    Egyptian pound steady at official auction, weaker on black market

    The rates at which banks are allowed to trade dollars are determined by the results of central bank sales
    Banking & Finance
  • Egypt to issue $600m in one-year dollar-denominated T-bills

    Egypt to issue $600m in one-year dollar-denominated T-bills

    The central bank listed eligible subscribers as local banks and foreign financial institutions
    Banking & Finance
  • Egypt c.bank: forex policies successful, could eliminate black market

    Egypt c.bank: forex policies successful, could eliminate black market

    Egypt has been suffering from a sustained dollar shortage as political turmoil unnerved foreign investors and tourists
    Business
  • Egypt's central bank keeps key rates unchanged

    Egypt's central bank keeps key rates unchanged

    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
    Banking & Finance
  • Egypt central bank earmarks $1.44bn for low-cost housing

    Egypt central bank earmarks $1.44bn for low-cost housing

    Many Egyptians live below the poverty line, residing in slums with no access to water or sewage
    Property
  • Egypt’s foreign reserves at $17.1bn in January, central bank says

    Egypt’s foreign reserves at $17.1bn in January, central bank says

    Egypt's foreign exchange reserves have been hit by political turmoil since the fall of former president Husni Mubarak
    Economy
  • Currency black market shows limits of Egypt’s recovery

    Currency black market shows limits of Egypt’s recovery

    Many overseas Egyptians’ prefer to send money home via the black market, where they get better exchange rates
    Economy
  • Egypt to hold record $1.5 billion forex sale

    Egypt to hold record $1.5 billion forex sale

    The auctions started when former president Mohammad Mursi was in office
    Economy
  • Egypt’s pound weaker at central bank auction

    Egypt’s pound weaker at central bank auction

    The central bank last week allowed the pound to slip against the dollar at official prices
    Banking & Finance
  • Egypt expected to keep interest rates on hold

    Egypt expected to keep interest rates on hold

    Measure is an effort to tame inflation
    Economy
  • Egypt’s central bank governor says IMF treated Egypt improperly

    Egypt’s central bank governor says IMF treated Egypt improperly

    Egypt’s central bank governor, Hisham Ramez, has criticized the International Monetary Fund over the manner in which his country was invited to ...
    Economy
  • Egypt receives $2 billion deposit from Kuwait

    Egypt receives $2 billion deposit from Kuwait

    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 ...
    Economy
  • Kuwait set to deposit $2bn in aid to Egypt ‘within a week’

    Kuwait set to deposit $2bn in aid to Egypt ‘within a week’

    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 ...
    Economy
  • Egypt to auction $1.3bn for vital imports

    Egypt to auction $1.3bn for vital imports

    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 ...
    Economy
  • Yields on Egypt’s T-bills rise for second week

    Yields on Egypt’s T-bills rise for second week

    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 ...
    Economy
  • Egypt stock exchange, banks shut after violent clashes

    Egypt stock exchange, banks shut after violent clashes

    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 ...
    Financial Markets
  • Egypt c.bank tells banks to shut early ahead of army deadline

    Egypt c.bank tells banks to shut early ahead of army deadline

    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 ...
    Economy
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