foreign reserves
Foreign reserves fall to US$15 billion
Business
April 2, 2012
Foreign reserves fall to US$15 billion
Egypt's net foreign reserves fell to US$15.12 billion at the end of March from $15.72 billion a month earlier, the…
We rejected an IMF request to devalue the pound by 20%, says official
Business
March 26, 2012
We rejected an IMF request to devalue the pound by 20%, says official
A senior government official said Monday that the government rejected a request by the International Monetary Fund to devalue the…
Mubarak under investigation over national security, debt issues
Egypt
March 21, 2012
Mubarak under investigation over national security, debt issues
Judicial sources have said that the public prosecutor is wrapping up investigations of former President Hosni Mubarak related to potential…
Government gets US$1.2 bn commodity loan from Islamic bank
Business
March 8, 2012
Government gets US$1.2 bn commodity loan from Islamic bank
The Egyptian government has received a US$1.2 billion credit facility from the International Islamic Trade Finance Corporation (ITFC) to help…
Egypt foreign reserves stand at $15.7 billion
Business
March 4, 2012
Egypt foreign reserves stand at $15.7 billion
Egypt's Central Bank says the country's net foreign reserves dropped again in February, but by less than any month since…
Official: EU to provide Egypt with US$500 million in aid
Egypt
February 21, 2012
Official: EU to provide Egypt with US$500 million in aid
The European Union intends to support Egypt’s economy with US$500 million in response to a request by the Egyptian government,…
Foreign reserves fall, add to pressure on pound
Business
February 7, 2012
Foreign reserves fall, add to pressure on pound
The drain on Egypt's foreign reserves showed little sign of abating in January, adding to pressure on the government to…
Central Bank tightens money transfer rules
Business
January 20, 2012
Central Bank tightens money transfer rules
Egypt's Central Bank has tightened its rules for importers who want to transmit funds, a move analysts say seems designed…
Egypt’s foreign reserves drop to $18.12 billlion
Business
January 5, 2012
Egypt’s foreign reserves drop to $18.12 billlion
Egypt's foreign reserves dropped to US$18.12 billion at the end of December from $20.15 billion a month earlier, the Central…
Govt issues bonds to stem decline of foreign reserves
Business
December 25, 2011
Govt issues bonds to stem decline of foreign reserves
The Finance Ministry recently offered treasury bills worth US$2.5 billion in an effort to improve cash flow and stem withdrawals…