foreign reserves
Egypt’s foreign reserves rise to US$24.265 bln at end-December
Egypt
January 6, 2017
Egypt’s foreign reserves rise to US$24.265 bln at end-December
Egypt's net foreign reserves rose to US$24.265 billion at the end of December from US$23.058 billion at the end of…
Central Bank seeks to buy gold from treasury to bolster foreign reserves
Business
October 13, 2016
Central Bank seeks to buy gold from treasury to bolster foreign reserves
An official source has confirmed that the Central Bank of Egypt (CBE) has called upon the Ministry of Finance to…
After six months, Egypt finally settles wheat fungus row
Egypt
July 5, 2016
After six months, Egypt finally settles wheat fungus row
Egypt's agricultural quarantine authority settled a months-long dispute on Monday over wheat import specifications that have hampered the country's massive…
Central bank removes dollar deposits cap for companies
Business
March 9, 2016
Central bank removes dollar deposits cap for companies
The Central Bank of Egypt (CBE) has removed a limit it imposed in February 2015 on foreign currency deposits and…
Obama advisor submits proposals for Egypt’s currency crisis
Business
March 9, 2016
Obama advisor submits proposals for Egypt’s currency crisis
Egypt’s central bank official Mohamed al-Erian has submitted a paper of proposals to “high-level” state bodies to resolve the current…
Egyptian pound steady at forex sale, weaker on black market
Business
January 26, 2016
Egyptian pound steady at forex sale, weaker on black market
Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Tuesday but the…
Egyptian pound steady at forex sale, strengthened on black market
Business
January 24, 2016
Egyptian pound steady at forex sale, strengthened on black market
Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Sunday but the…
Egypt to impose import rules to shore up reserves
Business
January 7, 2016
Egypt to impose import rules to shore up reserves
Egypt plans to impose new regulations that appear to be aimed at reducing low-quality imports in order to shore up…
Sisi suggests expatriates donate US dollars to offset falling reserve: adviser
Egypt
December 9, 2015
Sisi suggests expatriates donate US dollars to offset falling reserve: adviser
President Abdel Fattah al-Sisi has suggested that Egyptian expatriates make a financial contribution to help their country cope with eroding foreign…
Sisi’s projects ‘unproductive’: activist
Egypt
November 15, 2015
Sisi’s projects ‘unproductive’: activist
President Abdel Fattah al-Sisi is adopting unfeasible projects against the backdrop of a deteriorating fiscal situation, a prominent activist has…