foreign reserves

US senator Kerry: Economy is Egypt’s main problem
Egypt

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

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

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

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

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

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

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

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

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

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…
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