foreign reserves
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…
Official: EU to provide Egypt with US$500 million in aid
Egypt
February 21, 2012
Official: EU to provide Egypt with US$500 million in aid
The European Union intends to support Egypt’s economy with US$500 million in response to a request by the Egyptian government,…
Foreign reserves fall, add to pressure on pound
Business
February 7, 2012
Foreign reserves fall, add to pressure on pound
The drain on Egypt's foreign reserves showed little sign of abating in January, adding to pressure on the government to…
Central Bank tightens money transfer rules
Business
January 20, 2012
Central Bank tightens money transfer rules
Egypt's Central Bank has tightened its rules for importers who want to transmit funds, a move analysts say seems designed…
Egypt’s foreign reserves drop to $18.12 billlion
Business
January 5, 2012
Egypt’s foreign reserves drop to $18.12 billlion
Egypt's foreign reserves dropped to US$18.12 billion at the end of December from $20.15 billion a month earlier, the Central…
Govt issues bonds to stem decline of foreign reserves
Business
December 25, 2011
Govt issues bonds to stem decline of foreign reserves
The Finance Ministry recently offered treasury bills worth US$2.5 billion in an effort to improve cash flow and stem withdrawals…
US senator Kerry: Economy is Egypt’s main problem
Egypt
December 11, 2011
US senator Kerry: Economy is Egypt’s main problem
CAIRO — Egypt urgently needs a massive cash injection and should strike a deal with the International Monetary Fund as…
Military official sees Egypt foreign reserves plunging
Business
December 1, 2011
Military official sees Egypt foreign reserves plunging
Egypt's foreign reserves will plunge by a third to US$15 billion by the end of January and the budget deficit…
Egypt pound falls to weakest in almost 7 years
Business
November 29, 2011
Egypt pound falls to weakest in almost 7 years
CAIRO — The Egyptian pound was bid as weak as 6.0036 to the US dollar on Tuesday, its lowest in…
Egypt T-bill yields surge, foreign cash may be needed
Business
September 21, 2011
Egypt T-bill yields surge, foreign cash may be needed
Yields at Egyptian Treasury bill auctions have hit levels last seen during the 2008 global financial crisis and traders said…