Egypt’s Foreign Reserves Fell US$ 21 Mln In December 2012
Egypt’s foreign cash reserves dropped US$ 21 million to reach US$ 15.014 billion at the end of last December,…
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Egypt’s foreign reserves
El-Atreby Denies Egypt’s Foreign Reserves Usage In Pound Value Maintenance
Mohamed El-Atreby, chairman of Egyptian Arab land Bank (EALB) and member of the Federation of Egyptian Banks,…
Oriental Weavers Sales To Witness Some Boost As Pound Weakens; Expert
Oriental Weavers Co. – OW (ORWE.CA), which exports most of its products to the U.S., rose to the highest level in…
Fitch Says Egypt’s New FX Regime Positive Step In Tough Circumstances
Fitch Ratings stated in a report issued on Thursday that Egypt's new exchange rate regime has brought greater…
Banque Du Caire Withdrew US$60 Mln From Switzerland To Meet Dollar Demand
Mohamed Taha, deputy chairman of Banque Du Caire, affirmed that the bank has strong dollar liquidity and can…
IMF Says Welcomes Egypt’s Effort To Safeguard Reserves
The International Monetary Fund said on Monday it welcomed steps that Egypt has taken to stop a drain on its…
CBE Offers US$75 Mln At 2nd Currency Auction
The Central Bank of Egypt (CBE) said it was offering to sell $75 million to banks on Monday at its second foreign…
Egypt Offers Banks US$75 Mln At Maiden Foreign Currency Auction
The Central Bank of Egypt (CBE) said it was offering $75 million at its first foreign currency auction on Sunday,…
CBE To Start Foreign Exchange Auctions As Reserves Plunge
The Central Bank of Egypt (CBE) will start foreign-exchange auctions today in order to preserve foreign reserves…
Morsi Urges Egypt Opposition To Cooperate On Reviving Economy
Egyptian President Mohamed Morsi called on the opposition to work alongside the government to stabilize the…