foreign reserves
Brotherhood may pay price for currency fall
Business
January 3, 2013
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
December 31, 2012
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
December 31, 2012
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
December 25, 2012
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
December 6, 2012
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
November 5, 2012
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
October 29, 2012
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
October 8, 2012
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
September 13, 2012
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
September 3, 2012
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…