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…
Browsing Tag
Egypt’s foreign reserves
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 $4.8 billion loan deal, the state…
Decline In Egypt’s Foreign Reserves’ Could Slow Down By March; Says Ramez
The governor of the Central Bank of Egypt (CBE) Hisham Ramez expected foreign reserves’ decline to slow down in…
Egypt IMF Deal Needed to Halt Economic Crisis, El-Arabi Says
Egypt can’t emerge from its economic “crisis” without reaching an accord with the International Monetary Fund, and…
El-Okdah’s FX Auction Reason Behind Dollar Shortage: Ali Fayez
Ali Fayez, former general manager of Federation of Egyptian Banks (FEB), stated that the FX auction mechanism,…
Egypt Likely Not To Receive IMF Loan; Says Former Official
Dr. Fakhry El-Feky, former assistant to the executive director of the International Monetary Fund (IMF), has ruled…
Foreign Reserve Drop Raises Financing Gap To US$ 16 Bln: Fakhry El-Feky
Dr. Fakhry El-Feky, former assistant to the executive director of the International Monetary Fund (IMF), stated…
Egypt’s Foreign Reserves Fell On Paying Debts To Paris Club Member Countries
Egypt’s foreign reserves fell to US$ 13.6 billion last January after paying the half-yearly installment of US$ 700…