Oil & Currencies

The Central Bank of Egypt - (Photo Credit: Arabianeye-Reuters)
21 May 10:45 PM CBE raises interest rates 2%
Cairo - Mubasher: The Central Bank of Egypt's (CBE) Monetary Policy Committee (MPC) has decided, in its meeting on Sunday, to raise interest rates by 200 basis points, according to an official statement. This increases the overnight deposit rate, …
The Central Bank of Egypt - (Photo Credit: Arabianeye-Reuters)
16 May 06:10 PM USD inflows to Egypt reach $45bn in 6M
Cairo - Mubasher: The governor of the Central Bank of Egypt (CBE) said that the Egyptian economy has attracted $45 billion from the central bank and the banking sector during the last six months. Tarek Amer added during a press conference on …
Photo Credit: Arabianeye-Reuters
16 May 04:10 PM Crédit Agricole collected $1bn in 6M
By: Mostafa Adel Cairo - Mubasher: The managing director of Credit Agricole - Egypt said that the bank US dollar inflows from its customers reached $1 billion since the pound flotation until now. Francois Edouard Drion told Mubasher on Tuesday …
Photo Credit: Arabianeye-Reuters
8 May 07:35 PM Post-flotation USD inflows to Egyptian banks reach $21bn
Cairo - Mubasher: The deputy governor of the Central Bank of Egypt (CBE), Gamal Negm, said that US dollar inflows into the banking sector totalled $21 billion since the decision to float the local currency and free exchange rates. Negm added …
(Photo credit: Arabianeye - Reuters)
28 April 08:30 PM US oil rigs rise for 15 week in row
Mubasher: The number of US oil-rig count has increased last week, according to data revealed by Baker Hughes on Friday. Oil rigs added nine to reach 697 rigs, up from 572 rigs last week. Brent crude futures grew 0.31% to the level of $51.98 per …