Sunday 22 Dec

CBE

Dollar breaks 50-pound mark
2024/12/05

Dollar breaks 50-pound mark

For the first time since the exchange rate was liberalized, the US dollar surpassed the 50-pound mark in official transactions on Thursday morning. Several public...

Central Bank to offer The United Bank shares on the stock exchange
2024/09/22

Central Bank to offer The United Bank shares on the stock exchange

The Central Bank of Egypt (CBE) has decided to offer a portion of the shares of The United Bank on the Egyptian Exchange. The offering...

Gold prices fluctuate, dollar steady
2024/08/24

Gold prices fluctuate, dollar steady

The price of gold in Egypt has fluctuated significantly since Friday, primarily due to shifting global gold prices. Despite the US dollar exchange rate remaining...

Experts: Central Bank unlikely to lower rates at upcoming meeting
2024/07/10

Experts: Central Bank unlikely to lower rates at upcoming meeting

Experts and bankers rule out a decision by the Monetary Policy Committee of the Central Bank of Egypt to lower the interest rate at its...

Egypt's foreign reserves hit record high of $46.4 billion
2024/07/07

Egypt's foreign reserves hit record high of $46.4 billion

The Central Bank of Egypt (CBE) announced today, Sunday, that its foreign reserves rose by $260 million to reach $46.4 billion at the end of...

US dollar up slightly in banks, Black Market rate ticks higher
2024/04/30

US dollar up slightly in banks, Black Market rate ticks higher

The US dollar edged higher against the Egyptian pound on Tuesday, April 30, 2024, following a period of stability. The Central Bank of Egypt set...