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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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The target of the Ministry of Petroleum was to reduce its dues to less than $2.5bn by the end of 2015, and to repay its full dues by the end of 2016. (Daily News Egypt)
October 12th, 2016 - 10:00 GMT

Egypt's petroleum ministry debt to foreign companies rises to $3.6B

Lagarde explained that there is “still a little bit of implementation” to be completed before the IMF board can meet with regards to both exchange rate and to subsidies. (AFP/File)
October 10th, 2016 - 07:00 GMT

Almost there: Egypt's pre-requisites for IMF loans nearly fulfilled

The CBE announced on Monday that its foreign exchange reserves increased to $19.6bn in September, compared to $16.6bn in August. (File photo)
October 5th, 2016 - 08:17 GMT

Egypt Central Bank defies the pundits to fix pound to dollar at auction

Egypt's current foreign reserves stand at $16.564 billion, still less than half of the foreign reserves Egypt had before Hosni Mubarak's removal when they were almost $36 billion.   (File photo)
October 3rd, 2016 - 04:23 GMT

Egypt braces itself for possible pound devaluation

Al Olayan also appears on Forbes’ list of the “World’s 100 Most Powerful Women”. (World Economic Forum)
September 22nd, 2016 - 11:30 GMT

Saudi Arabia’s Lubna Al Olayan is the most powerful woman in the Arab world: Forbes

The Commercial International Bank (CIB), Egypt’s largest listed bank, has banned withdrawal from all debit cards abroad and has set a purchasing limits depending on the type of card. (File photo)
September 19th, 2016 - 10:00 GMT

Egypt's overseas students feel the pinch of the country's hard currency crisis

Air France -KLM will maintain its presence in the Egyptian capital, with Air France operating six weekly flights out of Paris. (Wikimedia Commons)
September 18th, 2016 - 05:30 GMT

KLM to suspend flights to Cairo from January 2017

Egypt's President Sisi and the UAE's Mohammed bin Zayed Al Nahyan during the latter's visit to Cairo in April 2016. (File photo)
August 23rd, 2016 - 12:30 GMT

UAE offers $1B to Egypt's Central Bank

Egypt has requested $1B from the UAE as part of $2 billion financial aid promised by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed during his visit to Cairo a few months ago. (File photo)
August 17th, 2016 - 01:09 GMT

Egypt looks to Arabia for another $5B in aid

Egyptia state-owned banks are likely to borrow from abroad in case its own resources of foreign exchange cease to cover the needs of its clients. (File Photo)
August 8th, 2016 - 05:00 GMT

Egypt's government banks rely on own resources for US dollars

Egypt's central bank sub-governor Rania Al-Mashat. (AFP/File)
July 31st, 2016 - 11:00 GMT

Rania Al-Mashat to be new senior advisor to IMF

Chinese-Egyptian relations have developed positively over the past period after the Chinese President visited Cairo last January, in a trip that was the first of its kind in 12 years. (File photo)
July 13th, 2016 - 05:00 GMT

Egypt inks 18 multi-sector deals with China

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