foreign reserves
US dollar prices decrease in Egyptian banks
Business
September 5, 2019
US dollar prices decrease in Egyptian banks
US dollar prices have decreased in Egyptian banks to between LE16.46 and LE16.50 for purchase and between LE16.56 and LE16.60…
Egypt’s foreign reserves increase to $44.969 bn: CBE
Business
September 4, 2019
Egypt’s foreign reserves increase to $44.969 bn: CBE
Egypt’s foreign reserves have increased by US$53 million to $44.969 billion in August, compared to $44.916 billion in July, the…
Dollar price continues to decline
Business
July 4, 2019
Dollar price continues to decline
The dollar price continued its decline in the local exchange market against the Egyptian pound on Wednesday after stabilizing since…
CBE denies ‘Let it Rust’ saved $12bn to state treasury
Economy
February 8, 2019
CBE denies ‘Let it Rust’ saved $12bn to state treasury
The Central Bank of Egypt (CBE) denied that the “Let it Rust” social media campaign, which called for boycotting buying…
CBE foreign reserves decline $2bn at end of December
Economy
January 8, 2019
CBE foreign reserves decline $2bn at end of December
The foreign reserves of the Central Bank of Egypt (CBE) lost about $2 billion at the end of December. Egypt’s…
Standard Chartered expects 5.5% growth for Egypt in 2019
Economy
October 17, 2018
Standard Chartered expects 5.5% growth for Egypt in 2019
Standard Chartered projected on Tuesday that the gross domestic product (GDP) growth rate of Egypt will rise by 5.5 percent…
Egypt’s government considers solutions, adopting with economic crises
Economy
October 14, 2018
Egypt’s government considers solutions, adopting with economic crises
Egypt’s Deputy Minister of Planning for Planning Affairs Ahmed Kamali said on Saturday that the government would form a committee…
IMF expects Egyptian economy to grow 5.3% in 2018
Economy
October 9, 2018
IMF expects Egyptian economy to grow 5.3% in 2018
The International Monetary Fund (IMF) expects Egypt’s economy to grow by 5.3 percent in 2018 and 5.5 percent in…
Egyptian exports climb $1.2 bn in only three months
Egypt
August 22, 2018
Egyptian exports climb $1.2 bn in only three months
Egyptian exports have surged by US$1.2 billion in 3 months, reaching $6.755 billion by the end of the third quarter…
Government to receive $2 billion from IMF in July: Minister
Business
June 19, 2018
Government to receive $2 billion from IMF in July: Minister
Minister of Finance Mohammed Maet announced on Monday that Egypt would receive the fourth tranche of the International Monetary…