Egypt State Grain Buyer Steps Aside As Currency Reserves Fall
One of the most powerful figures on the global wheat market, Nomani Nomani, said on Wednesday he has left his job…
Browsing Tag
foreign reserves
Egypt’s Foreign Reserves Enough For 3 Months Of Imports: Minister
Egypt's net foreign reserves are currently enough to cover only three months of the country's imports, Ashraf…
US$12.8 Bln Foreign Investments Flee Egypt In 2011, 2012: CBE
The Central Bank of Egypt (CBE) stated that foreign investors divested US$ 12.839 billion from the Egyptian market…
CBE Reveals Foreign Currency Funds’ Usages In 2011, 2012
The Central Bank of Egypt (CBE) revealed the uses of the foreign currency funds allocated by the government for…
Tarek Amer: FX Auctions To Give More Freedom To Egyptian Pound Pricing
Tarek Amer, Chairman of National Bank of Egypt (NBE) and President of Egypt Banks Union, has commended the new…
Foreign Loans Temporary Solution To Foreign Reserves’ Recovery: Bankers
A number of bankers stressed the importance of compensating the loss of foreign cash reserves. The international…
Egypt’s Central Bank Leaves Benchmark Rates Unchanged
Egypt's central bank kept its benchmark interest rates unchanged on Thursday, in a move that will help the…
Foreign Reserves Expected To Rise On Morsi’s Foreign Visits
Rania Al-Mashat, deputy governor of Central Bank of Egypt (CBE), expected Egypt’s foreign cash reserves to soar in…
Egypt’s Foreign Reserves Rose US$ 700 Mln On Qatari Deposit
Egypt’s foreign cash reserves rose by US$ 700 million, registering US$ 15.1 billion in August, up from US$ 14.4…
Qatari Deposit Will Have Temporary Impact On Foreign Reserves: Bankers
Most banking experts said the US$ 2 billion Qatari deposit at the Central Bank of Egypt (CBE) will have a temporary…
