Egypt Seeks To Raise Foreign Reserves To US$22 Bln By June, 2014
The Egyptian government plans to increase foreign reserves to US$ 22 billion by the end of the next fiscal year.…
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Egypt’s foreign reserves
Egyptians In Greece Ready To Offer IMF-Loan Substitute By $5 Bln
Egyptian expats living in Greece are ready to give financial support to their cash-strapped country, as an…
Egypt Central Offers Banks US$40 Mln At FX Auction
The Central Bank of Egypt (CBE) has offered its last offering for this week US$ 40 million to local banks on…
US Dollar Hits 10-Year High Against Egypt Pound In Week
The trading on the US dollar has ended last week reporting a 10-year high against the Egyptian pound to reach EGP…
EGX 30 Dives 3.8% In Week As Economic Chaos Weighs
In a week, the Egyptian Exchange has incurred losses of EGP 10.1 billion driven by the country’s economic chaos and…
Main Goods Imports Drive Egypt’s Foreign Reserves Down By US$ 84 Mln
The Central Bank of Egypt’s foreign reserves fell US$ 84 million to reach US$ 13.424 billion at the end of last…
Egypt’s Pound Set To Sag Further Against The Dollar: Reuters Poll
Egypt's pound will depreciate steadily against the dollar over the next 12 months, undermined by political and…
Additional Economic Reforms From Egypt Still Needed: IMF Official
The International Monetary Fund (IMF) will suggest additional economic reforms as part of its conditions for…
Hisham Ramez To Meet With Heads Of Banks Next Thursday
Hisham Ramez, governor of the Central Bank of Egypt (CBE), will hold a meeting next Thursday with the presidents of…
Egypt Seeks Libyan Deposit To Support Foreign Reserves
A high-level Egyptian delegation will discuss with the Libyan authorities about the possibility of receiving a…