foreign reserves
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…
Egypt’s foreign reserves jump to $36.7 bln in October, highest in history
Economy
November 6, 2017
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
October 9, 2017
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
September 6, 2017
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…