dollar reserves

Egypt banks cleared to repatriate foreign firms’ long-held profits
Business

Egypt banks cleared to repatriate foreign firms’ long-held profits

Egyptian banks are set to allocate about a quarter of their excess hard currency to foreign firms seeking to repatriate…
Foreign currency reserves can cover 6 months of imports: CBE
Business

Foreign currency reserves can cover 6 months of imports: CBE

The foreign currency reserves at the Central Bank of Egypt (CBE) are able to cover Egypt's imports for a period…
Egypt’s foreign reserves rise to US$26.363 bn at end of January
Business

Egypt’s foreign reserves rise to US$26.363 bn at end of January

Egypt's net foreign reserves rose to US$26.363 billion at the end of January from US$24.265 billion as of the end…
Egypt unrest could threaten food security-UN agency
Egypt

Egypt unrest could threaten food security-UN agency

Civil unrest and dwindling foreign exchange reserves raise serious food security concerns in Egypt, the United Nations' food agency said…
Egypt increases customs on foodstuff, accessories
Egypt

Egypt increases customs on foodstuff, accessories

In the midst of both political and economic crisis, Egypt authorities are planning to increase custom fees on luxury foodstuff…
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