foreign reserves
IMF expects Egyptian economy to grow 5.3% in 2018
Economy
October 9, 2018
IMF expects Egyptian economy to grow 5.3% in 2018
The International Monetary Fund (IMF) expects Egypt’s economy to grow by 5.3 percent in 2018 and 5.5 percent in…
Egyptian exports climb $1.2 bn in only three months
Egypt
August 22, 2018
Egyptian exports climb $1.2 bn in only three months
Egyptian exports have surged by US$1.2 billion in 3 months, reaching $6.755 billion by the end of the third quarter…
Government to receive $2 billion from IMF in July: Minister
Business
June 19, 2018
Government to receive $2 billion from IMF in July: Minister
Minister of Finance Mohammed Maet announced on Monday that Egypt would receive the fourth tranche of the International Monetary…
IMF says Egypt must deepen reforms to catch window of global growth
Business
May 6, 2018
IMF says Egypt must deepen reforms to catch window of global growth
Egypt will have to deepen its IMF-backed reforms and better encourage private sector growth if it wants to cash in…
Egypt’s net foreign reserves rise to $42.611 bn in March
Economy
April 2, 2018
Egypt’s net foreign reserves rise to $42.611 bn in March
Egypt’s net foreign reserves rose slightly to US$42.611 billion at the end of March, from $42.524 billion at the end…
Remittances from Egyptians abroad increase 19.2% in 2017
Economy
February 12, 2018
Remittances from Egyptians abroad increase 19.2% in 2017
Remittances of Egyptians working abroad since the flotation of the pound currency in November 2016 until the end of December…
Over LE100 bn in cash flows since flotation of the pound: CBE governor
Business
February 6, 2018
Over LE100 bn in cash flows since flotation of the pound: CBE governor
The volume of cash flows into the Egyptian economy since the flotation of the pound in November 2016 has exceeded…
Egypt to issue Eurobonds worth $4-5 billion within days – finance minister
Economy
February 5, 2018
Egypt to issue Eurobonds worth $4-5 billion within days – finance minister
Egypt is to issue dollar-denominated Eurobonds worth $4 billion to $5 billion within days, Finance Minister Amr El Garhy said…
Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE
Economy
January 3, 2018
Foreign currency reserves rose to record-high $37.19 bn in December 2017: CBE
Egypt’s net foreign currency reserves climbed to an all-time high of $37.19 billion in December 2017, the Central Bank of Egypt (CBE)…
Egypt world’s top date producer: FAO
Egypt
November 18, 2017
Egypt world’s top date producer: FAO
Egypt is the number one producer of dates in the world, ahead of Iran and Saudi Arabia, the United Nation’s…