BREAKING: Egypt’s foreign reserves drop to $18.096bn at August-end
Egypt's foreign currency reserves dropped to US$18.096 billion at the end of August from US$18.534 billion the…
Browsing Tag
Gulf aid to Egypt
Egypt’s Deficit Hits 8% in Year Ending April 2014
Egypt's budget deficit reached 8 percent of its gross domestic product (GDP) in the first 10 months of the current…
Gulf Aid to Egypt Since 30 June More Than $20 Billion: El-Sisi
In the second part of the first-ever media interview with presidential candidate and former army chief Abdel-Fattah…
IMF-Egypt Annual Talks to Hold after Presidential Polls – Minister
Annual consultations between Egypt and the International Monetary Fund (IMF) will take place after the coming…
IMF: Egypt to Need More Financial Support
Egypt will need further international assistance to put its economy back on track despite receiving huge loans from…
IMF: Egypt Economic Growth to Remain Slow
Growth in Egypt's economy is expected to remain sluggish this year as political uncertainty keeps tourists and…
Kuwait to Send $1 bln Grant to Egypt: Ambassador
Kuwait has pledged an EGP 6.9 billion ($1 billion) non-refundable grant to Egypt to be approved by its parliament…
Egyptian Economy Expected to Strengthen Gradually in 2014-16: HSBC
In a Recent report, HSBC Global Connections, stated that the Egyptian economy is expected to strengthen gradually…
Egypt Received $10.7 billion in Gulf Aid During H1
Egypt has received US$10.7 billion (74.46 billion pounds) in aid pledged by Gulf countries during the first half of…
Fitch Raises Egypt Outlook to Stable on Gulf Financial Help
Fitch Ratings on Friday revised its outlook on Egypt's credit rating to stable from negative, citing financial…
Egypt Expects More Gulf Aid Next Year
Egypt expects as much as $9 billion in additional financial aid from oil-rich Gulf nations, a Finance Ministry…
Egypt Says to Use Gulf Aid, Savings for Stimulus
The Egyptian government will finance an economic stimulus package of around 30 billion Egyptian pounds ($4.36…
Official: Egypt Sees More Gulf Aid
Egypt expects to receive more aid from Gulf states, the central bank governor said on Wednesday, on top of the $12…
Economy Is Improving, IMF Estimates Inaccurate; Says Egypt’s PM
Prime Minister, Dr. Hazem al-Beblawy said the Egyptian economy is improving adding there are many indicators, which…
IMF’s Lagarde Says Keen to Engage With Egypt on Economy
The International Monetary Fund is ready to work with Egyptian authorities to help stabilize the country's economy,…
Egypt in Talks to Extend Oil Product Supplies from Gulf
Egypt is negotiating with Saudi Arabia, Kuwait and the United Arab Emirates to supply it with petroleum…
Egypt Sees More Aid Coming From Gulf, Central Bank’s Ramez Says
Egypt expects to receive more aid from Gulf countries, beyond the $12 billion already pledged by the United…
Egypt Interim Govt Targets GDP Growth between 3-3.5% in 2013/14
Dr. Ahmed Galal, Egypt’s Minister of Finance, stated that government targets to push GDP growth between 3-3.5% in…
Kuwait Set to Deposit $2 bln Aid to Egypt Today – Official
Hisham Ramez, governor of the Central Bank of Egypt (CBE) said the $2 billion aid, promised to Egypt by Kuwait as…
EGX 30 Ends this Week Above 5485 pts
Egypt's stocks have ended this week trading higher posting gains totaled EGP 2.7 billion backed by local and Arab…
Kuwait to Transfer $2 bln Aid To Egypt: Egypt Central Bank Chief
The Gulf Arab state of Kuwait will deposit $2 billion in aid in Egypt's central bank next week, the Egyptian…
GAFI: KSA Captures Lion’s Share in Post-Morsi Egypt Market
Saudi investments in Egypt have captured the lion’s share of the Egyptian market since the outbreak of June 30…
Egypt Bets on Gulf Aid to Boost Economy As IMF Shunned
Egypt is betting on aid from its oil-rich Gulf neighbors to spur its ailing economy, ending a two-year pursuit of…
Cairo Military Firmly Hooked to U.S. Lifeline – NYT
The money seems like a pittance for Egypt, which has a $256 billion economy. But the $1.3 billion in military aid…
Analysis: With Gulf Aid, Egypt Economy Can Limp Through Crisis
Egypt's political crisis has dealt a blow to any hopes for a quick economic recovery, but aid from its Gulf allies…
Egyptian Central Bank Offers $40 mln at FX Auction Today
Following the Muslims’ feast holidays, the Central Bank of Egypt (CBE) has offered today its first foreign exchange…
Egypt’s C.Bank Raises $40 mln at FX Auction Ahead of Feast Holidays
The Central Bank of Egypt (CBE) has offered today its last foreign exchange auction for this week totaled US$ 40…
Violence Post-Morsi No Bar to Yields at 2-Year Low: Arab Credit
Egypt’s borrowing costs, which slid to a two-year low this week, are set to decline further as a cut in interest…
Egypt: CBE Offers US$40 mln to Local Banks on FX Auction
The Central Bank of Egypt (CBE) has offered its final foreign exchange auction for this week totaled US$ 40 million…
Egypt Central Bank Offers US$40 mln at Wednesday’s FX Auction
The Central Bank of Egypt (CBE) has offered its second foreign exchange auction for this week valued at US$ 40…
Egypt: Central Bank Raises US$40 mln on FX Auction
The Central Bank of Egypt (CBE) has offered its first foreign exchange auction for this week valued at US$ 40…
Egypt’s T-Bill Yields Dip for 4th Week, Trend Not Seen Sustainable
Egyptian treasury bill yields fell at auction on Sunday for the fourth week running since the army ousted Islamist…
Egypt’s New FinMin Plans Stimulus, Not Austerity
Egypt interim government will seek to avoid major austerity measures and instead work to stimulate the economy by…
US Dollar Slightly Falls on Sunday’s Egypt Central Bank Sale
The US dollar’s exchange rate against Egyptian pound slightly went lower on Monday at the official market to EGP…
Egypt C.Bank Raises US$ 40 Mln At Sunday’s FX Auction
The Central Bank of Egypt (CBE) has offered its first foreign exchange auction for this week valued at US$ 40…
Egypt: Will the Gulf’s Billions Buy the Economy More Time?
A multibillion-dollar aid package from three of the Gulf’s wealthiest nations to Egypt has raised questions over…