foreign currency reserves
Egypt’s foreign currency reserve increased by $106 million in May
Economy
June 5, 2018
Egypt’s foreign currency reserve increased by $106 million in May
The Central Bank of Egypt (CBE) announced on Monday that the net foreign reserve increased to $44.139 billion at…
Egypt’s foreign reserves jump to US$23 bln at end-November
Egypt
December 6, 2016
Egypt’s foreign reserves jump to US$23 bln at end-November
Egypt's foreign reserves have increased to US$23.058 billion at the end of November from $19.041 billion a month earlier, the…
Govt, CBE debate timing of state-banks IPO
Egypt
October 31, 2016
Govt, CBE debate timing of state-banks IPO
The Egyptian government and the Central Bank of Egypt are involved in ongoing discussions over the timing of the initial…
US dollar hits LE18 on black market as govt mulls official devaluation
Business
October 31, 2016
US dollar hits LE18 on black market as govt mulls official devaluation
The US dollar continued its steep rise on Egypt's black market on Sunday, breaking the LE18 barrier for the first…
Egypt tourism in limbo a year after Russian plane bombing
Business
October 30, 2016
Egypt tourism in limbo a year after Russian plane bombing
A year after jihadists bombed a Russian plane carrying holidaymakers in Egypt, tourism shows little sign of recovery in the…
Egypt trade deficit narrows by $7 bln since January: trade minister
Business
September 21, 2016
Egypt trade deficit narrows by $7 bln since January: trade minister
Egypt's trade deficit has narrowed by $7 billion since January, Trade and Industry Minister Tarek Kabil said on Tuesday, adding…
Egypt’s foreign reserves edge up to US$17.546 bln at end of June
Business
July 5, 2016
Egypt’s foreign reserves edge up to US$17.546 bln at end of June
Egypt's net foreign reserves rose slightly to US$17.546 billion at the end of June, the central bank said on Monday.…
Egyptian pound steady at auction, weakens on black market
Business
March 3, 2016
Egyptian pound steady at auction, weakens on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Thursday but weakened significantly on…
Egypt addresses airline concerns on profit repatriation: c.bank source
Business
March 3, 2016
Egypt addresses airline concerns on profit repatriation: c.bank source
Egypt has addressed the concerns of airlines who have complained in recent weeks about their inability to repatriate earnings, a…
Dollar expected to dip further versus pound
Business
August 13, 2013
Dollar expected to dip further versus pound
Belal Khalil, deputy chairman of the Foreign Exchange Division of the Federation of the Chamber of Commerce, has warned the…