S&P Affirms Egypt’s Ratings at ‘B-/B’
Standard & Poor's Ratings Services on Friday maintained the credit ratings of the Arab republic of Egypt and…
Browsing Tag
gulf aids to egypt
Egypt Braces for $9.1 Billion in Aid from Gulf – Government Source
Egypt is set to receive over the coming weeks a new financial package worth US$ 9.1 billion from the GCC states, a…
CBE: Egypt’s Forex Reserves Dip to $17.8 bln in Nov
Egypt's foreign exchange reserves fell by around $ 825 million to $ 17.765 billion in November from $ 18.590…
Gulf States, Minus Qatar, Rally Egypt Investment to Buoy Army Power
With one notable exception, wealthy Gulf Arab states are encouraging investment in Egypt to help shore up its…
Egypt Relies on Gulf Aid for Economy: Then What?
Egypt is engaged in a high stakes gamble, using billions of dollars from Gulf Arab allies to stimulate the economy…
Sawiris Family Plans to Inject EGP4 bln Investments in Egypt Early 2014
Egypt Investment Billionaire Naguib Sawiris is expecting that the Egyptian market will witness an influx of foreign…
Powered by UAE Aid Package, Egypt Shares Gain EGP1.8 bln at Close
Following the announcement of an agreement between Egypt and the UAE over $ 4.9 billion worth of aid for the North…
IMF Commends Egypt $3 bln Plan to Create Jobs, Boost Economy
The International Monetary Fund commended Egypt’s plan to boost public spending by $3 billion to create jobs and…
Interview – Egypt Plans New Stimulus Package in Early 2014: Minister
Egypt plans a second stimulus package worth billions of dollars early next year, its trade and industry minister…
Egypt to Return $1bln Deposit to Qatar in Two Months – Official
The Central Bank of Egypt (CBE) Governor Hisham Ramez said on Tuesday Egypt will return US$1 billion deposit to…
CBE: Kuwaiti Deposit Adds $2 bln to Egypt’s Foreign Reserves
Governor of the Central Bank of Egypt (CBE) Hesham Ramez has confirmed on Tuesday that the bank has received the…
Egypt Hopes to Tie Oil Payments to Production Increases: Minister
Egypt wants to encourage foreign oil companies in the country to increase exploration and production in exchange…
Egypt Gets Saudi Oil Shipments, Rebuffs IMF Aid at the Moment
Egypt has received oil shipments worth $800 million from Saudi Arabia in the months of August and September, Tareq…
Egypt’s Foreign Reserves Likely to Hike to $20 bln in September – PM
Egypt’s foreign cash reserves are likely to rise within this month to around US$20 billion despite the ongoing…
Egypt’s Foreign Reserves Slightly Rise to US$18.91 Mln in August
Egypt’s foreign cash reserves have reported a slight rise of US$ 34 million to reach US$ 18.916 billion by the end…
Egyptian C.Bank Offers US$40 mln at FX Auction
The Central Bank of Egypt (CBE) has offered today its first foreign exchange auction for this week totaled US$ 40…
Egypt Plans Quick Steps to Spur Economy, Then ‘Marshall Plan’
Egypt's new cabinet plans quick steps to spur the economy while laying the ground for a broader "Marshall…
Saudi Loan Backs Egypt Stocks to Gain EGP2 bln at Closing
Egypt’s stocks have closed higher on Monday posting gains totaled at EGP 2.1 billion backed by the US$2 billion…