foreign currency

Suez Canal revenue drops 7.4 pct in Feb vs Jan
Business

Suez Canal revenue drops 7.4 pct in Feb vs Jan

Revenue from the Suez Canal fell to US$375.3 million in February, down 7.4 percent on the previous month and down…
Central Bank: Foreign reserves continue to fall, but at a slower pace
Egypt

Central Bank: Foreign reserves continue to fall, but at a slower pace

Egypt’s foreign reserves dropped slightly to US$13.5 billion in late February, down from $13.6 billion late January, Central Bank of…
Dollars start running out for Egypt’s currency bureaus
Business

Dollars start running out for Egypt’s currency bureaus

Egypt's currency bureaus are being overwhelmed by demand for dollars amid a supply  fueled by political crisis, the head of…
Central Bank: Foreign reserves at 16-year low
Business

Central Bank: Foreign reserves at 16-year low

The Central Bank announced on its website Tuesday that foreign reserves had fallen to US$13.613 billion in January, compared to…
Central Bank auction temporarily stabilizes dollar-pound exchange rates
Business

Central Bank auction temporarily stabilizes dollar-pound exchange rates

Dollar exchange rates in Egyptian banks have stabilized at the amount of LE6.42 for buying and LE6.39 for selling, with…
Wednesday’s papers: Mubarak watched protester killings, alleges fact-finding committee
Egypt

Wednesday’s papers: Mubarak watched protester killings, alleges fact-finding committee

"Mubarak saw the killing of the protesters during the revolution," privately owned daily Al-Shorouk leads Wednesday's coverage.
Foreign reserves at critical low, Central Bank says
Business

Foreign reserves at critical low, Central Bank says

Foreign reserves are now at a critical low and must be maintained to repay the foreign debt to preserve the…
Suez Canal Authority contemplates fee increase
Business

Suez Canal Authority contemplates fee increase

The Suez Canal Authority is considering increasing fees next year up to five percent, an authority source said Thursday. The…
Foreign reserves climb by US$441 mn in October
Business

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 fall by US$84 mn in September
Business

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…
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