Egypt - The Central Bank of Egypt (CBE) received 30 bids totalling $1.739bn to cover a local treasury bill (T-bill) auction denominated in US dollars. The central bank offered this auction on Monday, ...

The bank highlighted a rise in the value of gold reserves, amounting to $11.14bln in October, up from $10.723bln in September, marking a $417mln increase ...

The Central Bank of Egypt (CBE) announced Tuesday that it has partnered with the Central Bank of Djibouti (CBD) to conduct a ...

Egypt's Central Bank has announced plans to sell a stake in United Bank through an initial public offering (IPO) by the first quarter of 2025. This move is part of the country's broader strategy ...

The central bank has increased the interest rates by 800 ... Badreddin told Ahram Online that Egypt's main target is to reduce inflation more than its focus on decreasing interest rates.

Egypt ’s annual urban consumer price inflation reportedly edged up to 26.5 per cent in October from 26.4 per cent in ...

Egypt is an exception to this trend, due to a severe balance-of-payments crisis that affected its economy until early 2024. Inflation only began to moderate in Q2 2024, and the Central Bank of ...

Egypt's annual urban consumer price inflation edged up to 26.5% in October from 26.4% in September, slightly below expected, ...

In addition, Egypt's central bank announced a cut in interest rates with little warning in late 2013, as part of an effort to spur domestic investment. This makes good economic sense, but the move ...

Forex trading is legal and regulated in Egypt, and the country’s currency market falls under the supervision of the Central Bank of Egypt. However, there’s an essential point that traders must ...

The seventh edition of Egypt's El Gouna Film Festival wrapped over the weekend with the $50,000 top prize going to French ...