CBE will hold an exceptional dollar auction for $1.5bn on Wednesday to cover the outstanding debts importers owe to the banks in foreign currency.
16.03.2016
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News by
albawaba
Egypt devalued the pound to 8.85 per dollar from 7.73 and simultaneously pumped nearly $200 million into the dollar-starved banking system.
15.03.2016
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News by
Business Recorder
Amer spoke after the central bank this week eased restrictions on foreign currency deposits and withdrawals in banks.
12.03.2016
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News by
Bloomberg Business
The central bank has been resisting a devaluation, keeping the pound artificially strong at 7.7301 against the dollar unlike in the black market.
12.03.2016
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News by
All Africa
Attijariwafa, which already has a presence in 24 countries, including 14 in Africa, is interested in bidding for the Egypt business.
10.03.2016
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News by
Money Market
CIB, P&G and Zeinab Hashem are among the winners. The award is presented by the American Chambers of commerce MENA council.
Papers by
Egypt Business Directory
Kitchen noted that there is a liquidity death in the region's markets, leading to fluctuations in the stock markets.
09.03.2016
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News by
Daily News Egypt
The auction is to cover imports of strategic goods as Egypt has been suffering from a foreign-currency crunch due to political turmoil.
07.03.2016
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News by
Ahram Online
Sawiris said he will complete the purchase of CI Capital Holding this month to create Egypt’s second-biggest investment bank.
07.03.2016
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News by
Bloomberg Business
Egypt’s reserve of foreign exchange increased from $33.16 billion at the end of October 2015 to the end of the $533.16 billion last February.
04.03.2016
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News by
Star Africa
The delegation will include officials from the Tourism Ministry, Tourism Promotion Authority and Egypt’s Ambassador to Germany.
04.03.2016
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News by
Egypt Independent
About 260 million pounds were channeled to the public treasury in 2015 from only three holding companies, compared to 50 million in 2014.
03.03.2016
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News by
All Africa
