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FINANCIAL NEWS
Egyptian officials raise USD2b
08 Feb 2011
(MENAFN) After a decline in the Egyptian pound by 25 percent and a cut in GDP by roughly 1.6 percent, Egypt’s Central Bank established a Treasury bill auction that drew USD 2.2 billion in offers, announced the bank, reported Arab News.
Senior financial officials issued a statement promising the restart of the stock market in roughly seven days, in an attempt to upholdi investor’s confidence after the prolonged demonstrations.
Tourists left the country in thousands and the Egyptian pound was brought to a first six-year low, as the Tahrir protest had drifted into violence.
According to Egypt’s central bank website, the T-bill resulted with yields, averaging almost 11 percent.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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