foreign exchange reserves

Egypt’s GDP sees growth of 5.6 percent during first half of 2019/2020 fiscal year
Business

Egypt’s GDP sees growth of 5.6 percent during first half of 2019/2020 fiscal year

Egypt’s Minister of Planning and Economic Development Hala al-Saeed said Egypt’s Gross Domestic Product (GDP) had achieved growth of 5.6 percent…
Egypt central bank to hold exceptional $500 million FX auction on Sunday
Business

Egypt central bank to hold exceptional $500 million FX auction on Sunday

Egypt's central bank said on Sunday it would hold an exceptional auction for US$500 million to cover imports of strategic…
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…
Cabinet to lower prices on housing projects to encourage Egyptians expat purchases
Egypt

Cabinet to lower prices on housing projects to encourage Egyptians expat purchases

Housing and Urban Communities Minister Tareq Wafiq has said that the Cabinet agreed to lower prices and offer payment facilities…
Foreign exchange reserves increase
Business

Foreign exchange reserves increase

Foreign exchange reserves increased by about US$685 million at the end of August after Qatar gave $500 million, the first…
Paper: Egypt army sees further drop in FX reserves
Business

Paper: Egypt army sees further drop in FX reserves

CAIRO - Egypt's foreign reserves are expected to fall by more than US$5 billion to $10.4 billion by the end…
Egypt Q4 balance of payments deficit $5.7 billion
Business

Egypt Q4 balance of payments deficit $5.7 billion

Egypt's balance of payments slid into a deficit of $5.65 billion in the politically-fraught final quarter of 2011, turning around…
CBE: Egypt’s forex reserves reach US$35.57 bn in November
Business

CBE: Egypt’s forex reserves reach US$35.57 bn in November

Egypt's foreign currency reserves amounted to US$35.57 billion as of late November compared to US$35.545 billion one month earlier, the…
Central Bank report shows significant spike in foreign reserves
Business

Central Bank report shows significant spike in foreign reserves

A monthly Central Bank of Egypt (CBE) report released on Wednesday reveals a recent spike in the country’s net foreign…
CBE: Egypt’s forex reserves rise in May
Business

CBE: Egypt’s forex reserves rise in May

The Central Bank of Egypt (CBE) on Wednesday announced a $450-million increase in Egypt's foreign currency reserves during the month…
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