dollar shortage
Egypt industry races to fill void as trade gap to narrow $11-12 billion in 2016
Business
October 25, 2016
Egypt industry races to fill void as trade gap to narrow $11-12 billion in 2016
Egypt expects to cut its trade deficit by $11-$12 billion in 2016 as part of efforts to ease an acute…
Egypt’s Juhayna says dollar crisis behind decline in Q3 profits
Business
October 20, 2016
Egypt’s Juhayna says dollar crisis behind decline in Q3 profits
Juhayna Food Industries SAE's third-quarter net profit fell 34 percent due to dollar shortages and the Egyptian company's decision not…
Strapped for dollars and flooded with rice, Egypt to import more anyway
Business
October 12, 2016
Strapped for dollars and flooded with rice, Egypt to import more anyway
Egypt is looking to import large quantities of rice this month as farmers refuse to sell the government their crops…
Egypt has contracted to import 420,000 tonnes of sugar, seeks 200,000 more
Business
October 8, 2016
Egypt has contracted to import 420,000 tonnes of sugar, seeks 200,000 more
Egypt has contracted for the import of 420,000 tonnes of sugar in coordination with the military in the "past few…
Without Saudi oil aid, Egypt rushes out big buy tenders
Egypt
October 8, 2016
Without Saudi oil aid, Egypt rushes out big buy tenders
Egypt has not received October allocations of petroleum aid from Saudi Arabia, traders told Reuters, forcing its state oil buyer…
Egypt to finish re-count of local wheat in private silos in a month
Business
July 3, 2016
Egypt to finish re-count of local wheat in private silos in a month
Egypt's Supply Minister said on Sunday a re-count of wheat in privately held silos would be finished in less than…
Air France-KLM revenue stuck in Egypt amid dollar crisis
Business
February 24, 2016
Air France-KLM revenue stuck in Egypt amid dollar crisis
Air France-KLM has urged Egypt to release upward of 100 million Egyptian pounds (US$13 million) in revenue it is unable…
A government under economic siege
Business
October 13, 2015
A government under economic siege
Central Bank data has revealed a 4.3 percent increase in net foreign debt in the recently completed fiscal year, recording…
World Bank’s IFC plans Egypt currency swaps: CEO
Business
March 18, 2013
World Bank’s IFC plans Egypt currency swaps: CEO
The International Finance Corp plans to conduct currency swaps in Egypt to help local firms meet their foreign exchange needs,…