foreign reserves

Brotherhood may pay price for currency fall
Business

Brotherhood may pay price for currency fall

Life in Egypt is about to get harder for ordinary people who will bear the brunt of inflation caused by…
Foreign reserves at critical low, Central Bank says
Business

Foreign reserves at critical low, Central Bank says

Foreign reserves are now at a critical low and must be maintained to repay the foreign debt to preserve the…
IMF welcomes Egypt’s effort to safeguard reserves
Business

IMF welcomes Egypt’s effort to safeguard reserves

The International Monetary Fund said Monday that it welcomed steps Egypt has taken to stop a drain on its international…
Egypt limits travelers leaving country to US$10,000 in cash
Business

Egypt limits travelers leaving country to US$10,000 in cash

Egypt has banned travelers from carrying more than US$10,000 in foreign currency cash in or out of the country, as…
Foreign reserves take hit in November; politics, low tourism to blame
Business

Foreign reserves take hit in November; politics, low tourism to blame

Foreign cash reserves held by the Central Bank of Egypt dropped by US$448 million in November, falling from $15.483 billion…
Foreign reserves climb by US$441 mn in October
Business

Foreign reserves climb by US$441 mn in October

The foreign reserves rose by US$441 million in October, the Central Bank of Egypt said on its website Monday. Net…
Foreign reserves likely up US$300-400 mn, newspaper says
Business

Foreign reserves likely up US$300-400 mn, newspaper says

Foreign reserves probably rose US$300 million to $400 million in October thanks to loans from Qatar and Turkey, state-run Al-Gomhurriya…
Foreign reserves fall by US$84 mn in September
Business

Foreign reserves fall by US$84 mn in September

Egypt's foreign reserves fell by US$84 million in September, but held above $15 billion for a third straight month after…
Moody’s keeps Egypt’s credit rating at B2
Business

Moody’s keeps Egypt’s credit rating at B2

  Moody’s decided on Thursday to maintain Egypt’s credit rating at B2 based on negative mid-range forecasts for the nation’s…
Foreign exchange reserves increase
Business

Foreign exchange reserves increase

Foreign exchange reserves increased by about US$685 million at the end of August after Qatar gave $500 million, the first…
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