CBE governor claims responsibility for reduction of pound’s value against dollar
In a meeting with the CBE deputy governor and various banking officials,…
CBE sells $1.5bn to cover portion of temporary credit facilities to importers
Banks are required to redeposit amounts obtained in the CBE auction with…
The automotive sector’s shaky road
The Egyptian automotive market can be described in three terms: "suffered, suffering…
Is the CBE the only player to blame for the dollar crisis?
In a recent press conference, prominent economist and chief economic adviser at…
CBE to hold exceptional $1.5bn auction
CBE sold $200m to banks operating in the local market at rate…
Expected increase in price of spare vehicle parts in coming months
Prices have not yet been affected as the quantities currently in the…
Dollar crisis casts shadow on used-car sales and supply
Used-car prices increase by 30% to 40% amid limited imports of new…
NBE, Banque Misr issue CDs with 15% yield
The NBE and Banque Misr will issue the CDs beginning on Monday…