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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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Tourism revenues dropped by 40 percent to $3.3 billion from $5.5 billion during July-March compared to the previous year, according to the CBE. (File photo)
July 10th, 2016 - 08:12 GMT

Egypt’s balance of payments deficit skyrockets 260 percent

Technological advances and consumer preferences over the years has drastically reduced demand for luxury Egyptian cotton. (Shutterstock)
June 16th, 2016 - 05:41 GMT

Egyptian cotton industry crippled by cut subsidies, falling demand

The paper banknotes of EGP1, EGP 0.5, and EGP 0.25 were removed from the market several years ago and were replaced with coins. (Shutterstock)
June 7th, 2016 - 10:00 GMT

Small change: Egypt Central Bank reprints $56M worth of EGP1 notes

Korean cars topped sales in the second-hand market, acquiring 50% of sales, followed by Japanese cars with 30% of sales. (Shutterstock)
May 19th, 2016 - 10:00 GMT

Egypt's foreign currency crisis drives second-hand car prices up 50 percent

Banque Misr is one of the top five banks in terms of assets’ size. (File photo)
May 8th, 2016 - 12:00 GMT

Egypt: Majority of banking assets held by five banks

Egypt and Kuwait will each offer a 20 percent stake on the Cairo bourse of the Arab African International Bank, a joint venture between the CBE and Kuwait Investment Authority. (Arab Finance)
March 27th, 2016 - 09:09 GMT

Egypt: CBE to float stakes in two state-owned banks

Egypt’s net international reserves have been stagnating at around $16.5 billion. (File photo)
March 20th, 2016 - 12:30 GMT

Egypt's pound devaluation: 'Positive results should outweigh near-term negative effects'

Egypt's foreign reserves have dropped by more than fifty percent since January 2011. (File photo)
March 7th, 2016 - 09:00 GMT

Egypt's Central Bank holds 'exceptional' auction of $500M to cover basic commodities

Egypt has directed a large part of its attention to Egyptians abroad after the 25 January Revolution in 2011. (Twitter)
February 28th, 2016 - 11:00 GMT

Egypt: Are expat remittances the key to solving the foreign currency crisis?

Tarek Amer, governor of the Central Bank of Egypt. (File photo)
February 23rd, 2016 - 09:49 GMT

Egypt won't float currency until reserves reach at least $25B: CBE

Headquarters of the African Export-Import Bank in Cairo. (Afreximbank)
February 21st, 2016 - 06:00 GMT

Egypt: Afreximbank offers CBE $500M in trade finance aid

Al Bawaba
January 28th, 2016 - 08:10 GMT

Egypt: 83 percent of Taba's hotels suspend operations

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