foreign reserves
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…
Foreign reserves fall to US$15 billion
Business
April 2, 2012
Foreign reserves fall to US$15 billion
Egypt's net foreign reserves fell to US$15.12 billion at the end of March from $15.72 billion a month earlier, the…
We rejected an IMF request to devalue the pound by 20%, says official
Business
March 26, 2012
We rejected an IMF request to devalue the pound by 20%, says official
A senior government official said Monday that the government rejected a request by the International Monetary Fund to devalue the…
Mubarak under investigation over national security, debt issues
Egypt
March 21, 2012
Mubarak under investigation over national security, debt issues
Judicial sources have said that the public prosecutor is wrapping up investigations of former President Hosni Mubarak related to potential…
Government gets US$1.2 bn commodity loan from Islamic bank
Business
March 8, 2012
Government gets US$1.2 bn commodity loan from Islamic bank
The Egyptian government has received a US$1.2 billion credit facility from the International Islamic Trade Finance Corporation (ITFC) to help…
Egypt foreign reserves stand at $15.7 billion
Business
March 4, 2012
Egypt foreign reserves stand at $15.7 billion
Egypt's Central Bank says the country's net foreign reserves dropped again in February, but by less than any month since…