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…
Browsing Tag
Egypt’s foreign reserves
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…
Egypt’s Cabinet Lifts Ban On Traveling With More Than US$ 10,000
Egypt’s Cabinet prepares a draft law allowing people to travel with more than US$ 10,000 in and out of the country…
Egypt Pound Forwards Advance As Foreign Reserves Beat Estimates
Egyptian pound forwards strengthened for a second day after the country’s foreign currency reserves dropped less…
Egypt Needs To Fix Economy, Strike IMF Deal-Kerry
U.S. Secretary of State John Kerry said on Saturday it is vital that Egypt revive its economy and that the…
Egypt To Invite IMF Team On Thursday For Loan Talks
Egypt will invite an IMF technical team on Thursday to reopen negotiations on a $4.8 billion loan deal, the state…
Decline In Egypt’s Foreign Reserves’ Could Slow Down By March; Says Ramez
The governor of the Central Bank of Egypt (CBE) Hisham Ramez expected foreign reserves’ decline to slow down in…
Egypt IMF Deal Needed to Halt Economic Crisis, El-Arabi Says
Egypt can’t emerge from its economic “crisis” without reaching an accord with the International Monetary Fund, and…
El-Okdah’s FX Auction Reason Behind Dollar Shortage: Ali Fayez
Ali Fayez, former general manager of Federation of Egyptian Banks (FEB), stated that the FX auction mechanism,…