foreign reserves
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…
Egypt’s foreign reserves decline slows in August
Business
September 6, 2011
Egypt’s foreign reserves decline slows in August
Egypt's net foreign reserves slipped by US$700 million to US$25.01 billion last month from July, figures on the central bank's…
Foreign reserves drop by US$7.2 bn
Business
June 23, 2011
Foreign reserves drop by US$7.2 bn
The Central Bank's May report revealed that Egypt's foreign reserves dropped by US$7.2 billion in ten months, to stand at…
Central Bank announces decline in foreign reserves
Business
June 7, 2011
Central Bank announces decline in foreign reserves
The Central Bank of Egypt (CBE) on Tuesday announced that international reserves decreased to US$27.2 billion by end of May,…
Egypt unofficial reserves fall US$3.3 bln in Feb
Business
March 8, 2011
Egypt unofficial reserves fall US$3.3 bln in Feb
Cairo--The Egyptian central bank's unofficial reserves plummeted by US$3.3 billion in February, bringing its total decline in foreign currency assets…
Egypt pound weakens to fresh 3-1/2 year low
Business
October 19, 2010
Egypt pound weakens to fresh 3-1/2 year low
The Egyptian pound traded as low as 5.7360 to the dollar on Tuesday, a new three and a half year…
Egypt’s wheat bill up, but bread riots unlikely
Business
September 7, 2010
Egypt’s wheat bill up, but bread riots unlikely
Egypt, the world's biggest wheat importer, faces a higher bill for bread subsidies in the next year but has adequate…