CBE concludes week without changing pound’s price, contrary to market expectations
Market expectations inclined towards floating the exchange rate or reducing the value…
CBE ends week without changing price of the Egyptian pound
The Central Bank of Egypt also did not hold an exceptional auction…
Tantawy appointed board member in EGX, in succession of El Dib
Tantawy will represent the FEB on the board of directors of the…
Contrary to market expectations, CBE fixes US dollar price in its regular auction
The bank directed the auctioned US dollar to cover imports of pharmaceutical…
Egypt struggles to implement IMF’s conditions before board meeting
The foreign exchange reserves registered $19.59bn in September, an increase of 18.2%…
Metropolitan Egypt provides EGP 260m in financing to 16 companies over 3 months: CEO
Metropolitan Egypt for consultancy has succeeded in providing financing worth EGP 260m…
Member of EFCBC demands urgent floatation of Egyptian pound to avoid bankruptcy of factories
Shortage of US dollars needed to purchase raw materials threatens existing factories
Cairo airport security confiscates $40,000 from Arab artist before leaving Egypt
Cairo International airport authorities confiscated $40,000 from Lebanese singer Wael Jassar on…
Local market holds breath in anticipation of large devaluation of Egyptian pound
CBE may either offer exceptional US dollar tender or direct banks to…
Egypt’s banking sector is strong and capable of supporting economy, providing funding for projects: banking leaders
Positive effects from the IMF deal can already be seen, says Ozalp