Tag: Foreign currency

CBE to hold exceptional $1.5bn auction

CBE sold $200m to banks operating in the local market at rate…

Hossam Mounir

CBE removes caps on foreign currency deposits, withdrawals for individuals

The central bank has issued new regulations to fund acquisitions

Hossam Mounir

CBE decides to raise maximum foreign currency deposit cap to $250,000 monthly

Decision applies only to companies to facilitate import operations of main and…

Hossam Mounir

Trade balance deficit increases by 38.8% YoY in July: CAPMAS

Egypt's trade balance continues to face a deficit, despite the state announcements…

Menna Samir

CBE orders banks to accept cash deposits in foreign currency: Industry minister

Accepting cash deposits is a step to restore growth rates in Egyptian…

Shaimaa Al-Aees

Mobinil plans to increase capital next year: CEO

In an interview with Daily News Egypt, Mobinil CEO Yves Gauthier discussed…

Sara Aggour

Mobinil plans to increase capital next year: CEO

TE has monopoly on Egypt’s internet market where they can fix the…

Rana Yehia

Egyptian foreign reserves down more than $1.5bn, at $18.5bn

Government has to pay $250m in September as dues of bonds issued…

Doaa Farid

Concern over European warnings against travel to Egypt: Investors

Income from tourism sector, Suez Canal are important for Egypt’s economy to…

Abdel Razek Al-Shuwekhi