foreign currency
Dollars start running out for Egypt’s currency bureaus
Business
February 17, 2013
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
February 5, 2013
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
January 3, 2013
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
January 2, 2013
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
December 31, 2012
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
December 27, 2012
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
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 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…
Egypt Suez Canal official sees stable revenue in 2012
Business
September 16, 2012
Egypt Suez Canal official sees stable revenue in 2012
Revenue from Egypt's Suez Canal will not fall this year from the US$5.2 billion it achieved in 2011, the head…
IMF says talks in Egypt were ‘productive’
Business
March 22, 2012
IMF says talks in Egypt were ‘productive’
The International Monetary Fund said Thursday an IMF team had fruitful talks with authorities in Egypt this week that could…