dollar shortage

Egypt industry races to fill void as trade gap to narrow $11-12 billion in 2016
Business

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

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

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

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

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

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

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

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

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,…
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