foreign reserves

IMF says Egypt must deepen reforms to catch window of global growth
Business

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

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

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

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

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

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

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…
Egypt’s foreign reserves jump to $36.7 bln in October, highest in history
Economy

Egypt’s foreign reserves jump to $36.7 bln in October, highest in history

Egypt recorded its highest level of foreign reserves in its history, Egypt’s Central Bank announced on Sunday, climbing from $36.535 billion at…
Remittances from Egyptian expats up 40 pct from same period last year: CBE
Economy

Remittances from Egyptian expats up 40 pct from same period last year: CBE

Remittances from Egyptian expats were reportedly 40 percent higher in August than in the same month last year, registering $1.7…
Egypt’s foreign reserves surge to $36.1 in August: CBE
Economy

Egypt’s foreign reserves surge to $36.1 in August: CBE

Egypt’s foreign reserves increased to $US 36.143 billion in August from $US 36.036 in July, surpassing, for first time, pre-January…
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