foreign reserves
Foreign reserves climb by US$441 mn in October
Business
November 5, 2012
Foreign reserves climb by US$441 mn in October
The foreign reserves rose by US$441 million in October, the Central Bank of Egypt said on its website Monday. Net…
Foreign reserves likely up US$300-400 mn, newspaper says
Business
October 29, 2012
Foreign reserves likely up US$300-400 mn, newspaper says
Foreign reserves probably rose US$300 million to $400 million in October thanks to loans from Qatar and Turkey, state-run Al-Gomhurriya…
Foreign reserves fall by US$84 mn in September
Business
October 8, 2012
Foreign reserves fall by US$84 mn in September
Egypt's foreign reserves fell by US$84 million in September, but held above $15 billion for a third straight month after…
Moody’s keeps Egypt’s credit rating at B2
Business
September 13, 2012
Moody’s keeps Egypt’s credit rating at B2
Moody’s decided on Thursday to maintain Egypt’s credit rating at B2 based on negative mid-range forecasts for the nation’s…
Foreign exchange reserves increase
Business
September 3, 2012
Foreign exchange reserves increase
Foreign exchange reserves increased by about US$685 million at the end of August after Qatar gave $500 million, the first…
Central bank official: Foreign reserves may hit US$21.2 bn
Business
August 21, 2012
Central bank official: Foreign reserves may hit US$21.2 bn
An official at the Central Bank of Egypt told a state-run paper that he predicted the country's foreign reserve…
Feud between Brothers and military threatens fragile economy
Business
July 13, 2012
Feud between Brothers and military threatens fragile economy
Egypt's new Islamist president and his old military foes have come out swinging in a struggle for political power, but…
Update: Jump in Egypt foreign reserves may mask problem
Business
June 6, 2012
Update: Jump in Egypt foreign reserves may mask problem
Egypt's foreign reserves rose by US$302 million in May, their second successive monthly increase, but the positive number may mask…
Egypt gets US$1 bn from Saudis, clearing IMF hurdle
Business
May 10, 2012
Egypt gets US$1 bn from Saudis, clearing IMF hurdle
Saudi Arabia has transferred US$1 billion to Egypt's central bank, an Egyptian minister said on Thursday, in a move seen…
IMF head Lagarde: IMF loan for Egypt won’t be enough
Business
April 19, 2012
IMF head Lagarde: IMF loan for Egypt won’t be enough
WASHINGTON, D.C. — Egypt's request for a US$3.2 billion IMF loan will not be enough to meet the country's financial…