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Central Bank of Egypt

Central Bank of Egypt latest

Egypt's oil trade balance achieved for the first time in four years a surplus of $150.8 million. (Shutterstock)
April 2nd, 2019 - 07:59 GMT

Egypt's Oil Trade Balance Achieves Surplus of $150.8 Million

Egypt's oil trade balance achieved for the first time in four years a surplus of $150.8 million during the first half of fiscal year 2018/19, compared to a deficit of $2.2 billion in the same period the previous fiscal year, the Central Bank of Egypt (CBE) announced.
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A sharp surge in basic and non-basic commodity prices began right after the flotation of the Egyptian pound in November. (File photo)
May 11th, 2017 - 11:12 GMT

Egypt's Inflation at Record-High Levels and Pound Flotation Is Only Making Things Worse

An Egyptian man loads gas cylinders onto a truck to be refilled at a warehouse in Cairo, Egypt, on September 11, 2016. (AFP/ File)
May 4th, 2017 - 04:00 GMT

'Egypt Will Achieve Gas Self-Sufficiency by 2018, Surplus by 2020,' Says Minister

Egypt has been struggling to boost its foreign currency reserves in the political and economic turmoil following the January 2011 uprising that toppled former president Hosni Mubarak. (AFP/ Khaled Desouki)
May 1st, 2017 - 01:27 GMT

IMF, Egypt review conditions for second installment of $12B loan

Egypt's declining economy needs all the help it can get. (AFP/File)
March 29th, 2017 - 08:59 GMT

Egypt discusses economic support with G-8 countries

A man serving tea in Cairo. (Shutterstock/ Orhan Cam)
March 21st, 2017 - 05:00 GMT

Inflation rate in Egypt hits highest level in 30 years

The Central Bank of Egypt increased interest rates to curtail inflation, but it has not been effective at reducing price hikes. (File photo)
March 13th, 2017 - 01:12 GMT

Egypt's inflation remains high despite higher interest rates

Egypt signed a second $1 billion tranche loan agreement with the director of the World Bank in Cairo in late December part of a $3 billion loan package to support Egypt’s economic reform programme. (AFP/File)
March 2nd, 2017 - 05:00 GMT

World Bank delegation to Egypt to follow up reforms progress

Egypt owes $3.5B  to foreign oil companies but a foreign currency shortage has made the drawing down of those debts more difficult. (File photo)
February 9th, 2017 - 10:00 GMT

Egypt repays $630M debt to Eni for Zohr gas field development

Tarek Amer, governor of the Central Bank of Egypt, speaks during a recent press conference in Cairo. (AFP/File)
February 2nd, 2017 - 09:48 GMT

Egypt’s Central Bank receives $4 billion from Eurobonds issuance

Egypt's currency devaluation has increased costs for the construction industry, negatively impacting developers’ cash flows.  (AFP/File)
January 18th, 2017 - 12:30 GMT

Egypt's pound devaluation pummels real estate sector

Egypt has recently witnessed an acute shortage in imported medicines after their prices increased. (AFP/Anwar Amro)
December 22nd, 2016 - 08:00 GMT

Egypt's pharmacists plead for presidential intervention against medicines price hike

The government announced in 2014 adopting a strategy to cut fuel subsidies that already eats up 20 percent of the state budget. (File photo)
November 6th, 2016 - 05:11 GMT

Egypt hikes fuel prices up to 47 percent

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