Egypt Reserves Steady, Despite “Critical” Warning
Egypt's central bank said on Sunday its foreign reserves were barely changed in December, despite alarming…
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Egypt’s Central Bank: Reserves At “Critical” Level
The Central Bank of Egypt says the country's foreign currency reserves are at a "critical" minimum level. The bank…
QNB Group: Developing East Asia Holds The Economic Bright Spots For 2013
The Global economic outlook continues to be revised downwards for 2013, due to weaker growth in advanced economics,…
Egypt Central Bank Says Taking All Steps To Safeguard Bank Deposits
Egypt's central bank, responding to what it said were market rumors, said on Monday that it was taking all steps…
BNP Paribas Sells Egyptian Operations
BNP Paribas is selling its 95.2% stake in BNP Paribas Egypt to United Arab Emirates (UAE) retail bank, Emirates…
Gulf Banks Ready To Invest In Egypt
Gulf banks are betting on Egypt despite anti-government protests continuing in several cities. Hot on the heels of…
Moody’s: Egypt Request to Delay IMF Loan Board Meeting Is Credit Negative
In a report issued today, rating agency Moody’s said Egypt’s request to the International Monetary Fund (IMF) to…
Egypt’s Tax Rates Below Global Average: World Bank
Egypt’s average total tax rate is well below the world average, according to the 'Paying Taxes 2013' report…
Fitch: Egypt’s IMF Agreement Provides Stability
An IMF agreement for a loan to Egypt provides stability, confidence and international support for fiscal…
Egypt is 6th Worldwide In Receiving Remittances In 2012; World Bank
Egypt is placed 6th in the list of top recipients of officially recorded remittances for 2012, according to the…