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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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Saudi aid will help boost Egyptian construction, tourism and investment sectors. (Image credit: Shutterstock)
December 2nd, 2013 - 07:46 GMT

Saudi signs $5 billion aid deal to boost Egyptian economy

At the start of November, the bank returned a $500m deposit to Qatar after Qatar refused to renew it upon its maturity, Reuters reported last Wednesday.
November 10th, 2013 - 08:44 GMT

Egypt's Foreign Reserves Drop and Qatar might have something to do with it

This easier financing picture, coupled with market appetite for laggards and the high yields on Egyptian assets, has likely been the driving force behind recent market price action (Pictured: Egypt's stock exchange).
September 15th, 2013 - 12:38 GMT

It's been a while: how's Egypt's economy doing?

Lagarde refused to comment on the money that Egypt received from the Gulf Cooperation Council (GCC).
September 15th, 2013 - 07:46 GMT

Egypt to IMF: Thanks, but no thanks, the Gulf's got us covered

Egypt has more refining laboratories than it has petrol production centres, and must therefore import crude oil
July 29th, 2013 - 11:55 GMT

Libya and Gulf secure oil for Egypt

May forecast of foreign reserves were to increase to $19bn by the end of this year
June 9th, 2013 - 05:58 GMT

Egypt forex reserves increase to $16.04bln

Qatar’s Premier and Foreign Minister Sheikh Hamad bin Jassem bin Jabr al-Thani
May 13th, 2013 - 12:19 GMT

Egypt Central Bank sells $3bn worth of Egyptian bonds to Qatar

Egypt's bourse and banks are closed due to Labour day
May 1st, 2013 - 11:17 GMT

Egypt celebrates workers on Labour day, banks closed.

The IMF has reportedly voiced its dissatisfaction with the amendments Egypt made to the November economic program
April 29th, 2013 - 10:46 GMT

Egypt, the IMF and austerity: The unholy trinity?

Libya will start shipping oil to Egypt next month on soft credit terms
April 29th, 2013 - 06:50 GMT

Libya to start shipping oil to Egypt on cheap terms

Egypt is negotiating the interest rate on $3 billion worth of Egyptian bonds that Qatar agreed to purchase
April 29th, 2013 - 02:55 GMT

Egypt-Qatar remain locked in negotiations

Egypt's fuel subsidy changes are not stalling the long-awaited IMF deal, according to the country's petroleum minister
April 28th, 2013 - 09:49 GMT

Energy subsidy reform not stalling Egypt's IMF deal - Minister

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