foreign currency reserves

Egypt’s foreign reserves jump to US$23 bln at end-November
Egypt

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

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

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

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

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

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

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

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

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…
The performance of the Egyptian economy under Morsy
Business

The performance of the Egyptian economy under Morsy

Mohamed Morsy, Egypt's first elected president since the 25 January 2011 uprising, has been in power for 12 months. His…
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