Egypt

Egypt says foreign reserves rise by 0.5% to reach $16.4 bn at end-October

Egypt's foreign currency reserves rose to $16.415 billion at the end of October from $16.335 billion the previous month, the central bank said on Wednesday.

Saudi Arabia, the United Arab Emirates and Kuwait have provided billions of dollars in aid since the military overthrew elected Islamist President Mohamed Mursi in mid-2013 following mass protests against his rule.

Reserves stood at about $36 billion before the 2011 revolt that ousted Hosni Mubarak and led to the elections that put Mursi in office. 

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