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Egypt accepts bids for $38.5m at forex auctionThe Egyptian central bank sold $38.5 million to banks in a foreign currency auction on Monday, with a cut-off price of 6.8765 Egyptian pounds to the dollar. The cut-off price at an exceptional foreign currency auction held on Sund More… |
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Egypt to hold $600m auction for importsEgypt's central bank will hold on Sunday an exceptional foreign exchange auction for $600 million to cover strategic imports, it said in a statement. Bids will be accepted between 1.30 and 2.00 p.m. Cairo time (1130 and 1200 G More… |
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Bahrain TRA halts 4G spectrum auctionBahrain has halted an auction to sell radio spectrum for next-generation telecom networks after a wireless broadband operator appealed against its exclusion from the sale, delaying improvements in the kingdom's communicatio More… |
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Bahrain set to launch 4G mobile telecom auctionBahrain’s Cabinet yesterday approved an auction for fourth generation (4G) mobile telephone frequencies as part of efforts to upgrade the kingdom’s broadband infrastructure. Minister of State for Telecommunications Affairs S More… |
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Egypt cbank offers $50m at auctionEgypt's central bank will offer $50 million to banks on Wednesday at its 18th auction of foreign exchange as well as another, previously unscheduled auction on Thursday. The bank introduced the system of regular auctions of US More… |
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Egypt c.bank tightens dollar trading bandEgypt's central bank has tightened the pound's trading band in the interbank foreign exchange market in an apparent move to slow the currency's decline, a forex dealer at a Cairo bank said on Monday. Banks may now only More… |
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Bahrain plans auction for 4G networksBahrain is set to auction radio spectrum for next-generation networks, a report said, adding that it will comprise five lots of spectrum primarily for long-term evolution (LTE), or 4G networks. The three existing mobile operators More… |
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Egypt offers $50m at latest forex auctionEgypt's central bank said it would offer $50 million to banks at a foreign currency auction on Sunday, the same amount offered at its previous auction this week. The Egyptian pound has weakened by about 6.8 per cent on the int More… |
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Egypt pound hits new low against dollarThe Egyptian pound weakened to a new record low against the US dollar on Thursday, extending its losses to 6.4 percent since the central bank introduced a new system of foreign currency auctions to curb a decline in foreign reserves. More… |
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Egypt cbank offers $75m at currency auctionEgypt's central bank said on Sunday it was offering to sell $75 million to banks at its ninth foreign currency auction, with a maximum of $11 million per bank. The auctions are part of a shift in currency policy announced in l More… |
