Egypt’s Foreign Reserves Rose US$ 700 Mln On Qatari Deposit
Egypt’s foreign cash reserves rose by US$ 700 million, registering US$ 15.1 billion in August, up from US$ 14.4…
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Egypt’s economy
Egypt’s Trade Deficit Rose 10.2% In May 2012
The Egyptian Central Agency for Public Mobilization and Statistics (CAPMAS) showed that the trade deficit rose by…
High Return On T-Bills Improves Banks’ Profits in H1: Bankers
The financial statements of a number of banks showed a relevant increase in the first half of 2012, marking the…
Egypt Likely To Ask For US$4.8 Bln Loan From IMF
Egypt will discuss the possibility of a bigger-than-expected $4.8 billion loan from the International Monetary Fund…
Egypt Signs US$200 Mln Financing Agreement With World Bank
Egypt will sign a financing agreement amounting to US$ 200 million with the World Bank. Ashraf Al Araby, Minister…
Qatari Deposit Will Have Temporary Impact On Foreign Reserves: Bankers
Most banking experts said the US$ 2 billion Qatari deposit at the Central Bank of Egypt (CBE) will have a temporary…
Remittances By Egyptians In Saudi Arabia Hit US$ 8 Bln In 2011
Mahmoud Ouf, Egypt's ambassador to Saudi Arabia, said the value of remittances from expat Egyptians in Saudi Arabia…
Yield On Egypt’s Dollar CDs Rose To US$ 45 Mln:Tarek Amer
The yield on the Egyptian dollar certificates of deposit, in which the National Bank of Egypt (NBE) among seven…
Banque Misr Launches Durable Goods Finance Program
Banque Misr has launched a program for financing durable goods (furniture, electric devices, etc...) through…
Egypt Expects 23 Pct More Tourists In 2012 – Minister
Egypt expects to receive more than 12 million tourists by the end of 2012, a 23 percent rise over the previous…
