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…
Browsing Tag
Egypt’s foreign reserves
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…
EGX 30 Opens 0.27% Lower On Local, Arab Selling Pressures
During Thursday’s opening session, the Egyptian Exchange has incurred losses of EGP 289 million driven by local and…
EGX 30 Ends Wednesday’s Session Below 5700 Pts On Foreign Sellers
The Egyptian Exchange (EGX) has ended Wednesday’s session posting losses of EGP 3.57 billion driven by foreign…
EGX 30 Drops 1.44% Driven By Egypt’s Foreign Reserves Data; Midday
During Wednesday’s midday session, the Egyptian Exchange has incurred losses of EGP 2.75 billion driven by foreign…
EFG-Hermes Downgrades USD-EGP Forecasts To EGP 7.75 By June
In a report issued on Wednesday, EFG-Hermes (HRHO.CA) has downgraded its forecast for the official USD-EGP exchange…
Hisham Ramez Calls For Lifting Ban On Traveling With $10,000 To Egypt
The newly-appointed Governor of the Central Bank of Egypt (CBE) Hisham Ramez stated that the economy’s problem is…