foreign currency reserves

Egypt bourse suffers worst decline since November, losing LE13.1 billion
Egypt

Egypt bourse suffers worst decline since November, losing LE13.1 billion

The Cairo index lost 5.2 percent to 4,598 points, its largest one-day decline since November 2012. It broke below major…
Foreign currency reserves rise to US$16 billion in May
Business

Foreign currency reserves rise to US$16 billion in May

Net foreign currency reserves climbed to US$16.039 billion at the end of May, up from US$14.4 billion at the end…
Egypt gets US$2 bn loan from Libya
Business

Egypt gets US$2 bn loan from Libya

Egypt and Libya finalized a US$2 billion loan agreement Wednesday evening to shore up the Egyptian economy and foreign reserves,…
Poll: Egypt’s pound set to sag further against the dollar
Business

Poll: Egypt’s pound set to sag further against the dollar

Egypt's pound will depreciate steadily against the dollar over the next 12 months, undermined by political and economic problems for…
Egypt bourse slumps to new 2013 low on currency woes
Business

Egypt bourse slumps to new 2013 low on currency woes

Cairo's bourse fell to a new 2013 low on Wednesday as foreign investors sold stocks on fears that Egypt's currency…
Egypt increases customs on foodstuff, accessories
Egypt

Egypt increases customs on foodstuff, accessories

In the midst of both political and economic crisis, Egypt authorities are planning to increase custom fees on luxury foodstuff…
Dollars start running out for Egypt’s currency bureaus
Business

Dollars start running out for Egypt’s currency bureaus

Egypt's currency bureaus are being overwhelmed by demand for dollars amid a supply  fueled by political crisis, the head of…
Govt has ‘plan b’ if IMF negotiations fail
Business

Govt has ‘plan b’ if IMF negotiations fail

  The Cabinet plans to invite the International Monetary Fund delegation to Cairo next month to resume negotiations over a…
Central bank sells $49.6 mn at forex auction
Business

Central bank sells $49.6 mn at forex auction

Egypt's central bank said on Wednesday it had accepted bids worth $49.6 million with a cut-off price of LE6.702 to…
Central Bank: Foreign reserves at 16-year low
Business

Central Bank: Foreign reserves at 16-year low

The Central Bank announced on its website Tuesday that foreign reserves had fallen to US$13.613 billion in January, compared to…
Back to top button