foreign reserves
Obama advisor submits proposals for Egypt’s currency crisis
Business
March 9, 2016
Obama advisor submits proposals for Egypt’s currency crisis
Egypt’s central bank official Mohamed al-Erian has submitted a paper of proposals to “high-level” state bodies to resolve the current…
Egyptian pound steady at forex sale, weaker on black market
Business
January 26, 2016
Egyptian pound steady at forex sale, weaker on black market
Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Tuesday but the…
Egyptian pound steady at forex sale, strengthened on black market
Business
January 24, 2016
Egyptian pound steady at forex sale, strengthened on black market
Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Sunday but the…
Egypt to impose import rules to shore up reserves
Business
January 7, 2016
Egypt to impose import rules to shore up reserves
Egypt plans to impose new regulations that appear to be aimed at reducing low-quality imports in order to shore up…
Sisi suggests expatriates donate US dollars to offset falling reserve: adviser
Egypt
December 9, 2015
Sisi suggests expatriates donate US dollars to offset falling reserve: adviser
President Abdel Fattah al-Sisi has suggested that Egyptian expatriates make a financial contribution to help their country cope with eroding foreign…
Sisi’s projects ‘unproductive’: activist
Egypt
November 15, 2015
Sisi’s projects ‘unproductive’: activist
President Abdel Fattah al-Sisi is adopting unfeasible projects against the backdrop of a deteriorating fiscal situation, a prominent activist has…
Egypt seeks finance packages at US$6 bn
Business
October 18, 2015
Egypt seeks finance packages at US$6 bn
Egypt’s government said negotiations have intensified over the past few days to obtain US$6 million in financing packages to offset…
Egypt says foreign reserves fall to $18.096 bln at end-August
Egypt
September 7, 2015
Egypt says foreign reserves fall to $18.096 bln at end-August
Egypt's foreign currency reserves fell to $18.096 billion at the end of August from $18.534 billion the previous month, the…
Central bank: Egypt’s foreign reserves fall to $15.29 bn
Egypt
April 7, 2015
Central bank: Egypt’s foreign reserves fall to $15.29 bn
Egypt's foreign currency reserves fell to $15.29 billion at the end of March from $15.45 billion the previous month, the…
CBE governor: US$22.9 billion in foreign reserves expected by end of FY2014/15
Egypt
March 22, 2015
CBE governor: US$22.9 billion in foreign reserves expected by end of FY2014/15
Egypt hopes to reach US$30 billion in net foreign currency reserves by Fiscal Year 2018/19, and $22.9 billion is expected…