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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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Minister of Foreign Trade, Industry and Investment Mounir Fakhry Abdel Nour announced earlier this week that the US Congress has recently approved a $120m initiative to support investment in Egypt.
April 7th, 2014 - 06:24 GMT

Life support, but not a cure: an inside look into the aid packages that are (barely) keeping Egypt together

Al Bawaba
March 2nd, 2014 - 07:03 GMT

What does Egypt's economy need? 'More than just a president'

This marks the first rise in foreign reserves since last August.
February 9th, 2014 - 03:55 GMT

Who needs Qatar now? Egypt's reserves up for first time in six months

This exceptional auction will help in depreciating the value of US dollar against the Egyptian pound, Fahmy added.
January 27th, 2014 - 04:42 GMT

Desperate times, desperate measures: Egypt's Central Bank holds exceptional $1.5billion auction to support banks

Bahaa El Din said the government would hold a conference in March or April to discuss the financial needs of the country and to issue long-term infrastructure projects.
January 12th, 2014 - 03:55 GMT

Egypt to be stimulated by the UAE

The new regulations will go into effect this one. (Image credit: Shutterstock)
January 9th, 2014 - 07:26 GMT

Want to send money out of Egypt? Now you can!

Egypt's annual inflation rate increased to 12.9 percent in November (File Archive)
January 1st, 2014 - 05:00 GMT

What Egypt's 9 percent pound value plummet in 2013 means for 2014

These developments just keep us wondering, was this a year of unending economic challenges or opportunities?
December 31st, 2013 - 05:31 GMT

Egypt's top ten economic milestones in 2013

According to Fahmy, the government had to turn to cash in the banks as the country was in a critical situation and the banking sector could help.
December 29th, 2013 - 07:54 GMT

Banking on Egypt's future: why banks loans to the government are a secure investment

However, the bank’s links to Egypt’s old guard, as well as the Qaddafi and Assad regime, led it to become a centre of controversy following the 2011 revolution.
December 16th, 2013 - 07:08 GMT

Egypt has a secret 'Swiss' bank, except everyone knows about it

The Central Bank of Egypt returned aid to Qatar in December and November, which may be partly accountable for the drop in foreign reserves over the past three months (Courtesy of Gulf Business)
December 9th, 2013 - 05:54 GMT

Three times is not always a charm: Egypt's foreign reserves dip for third month

Al-Sabah asserted that the Kuwait Investment Authority would form partnerships with Egyptian organisations to aid in implementing projects and invest in joint ventures with the country, which the Kuwait Fund for Arab Economic Development would finance.
December 5th, 2013 - 03:55 GMT

Kuwait boasting that it's ready to boost Egypt's economy

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