foreign reserves
Foreign reserves drop to US$14.9 bn at end of June
Egypt
July 7, 2013
Foreign reserves drop to US$14.9 bn at end of June
International currency reserves dropped from US$16,039 billion at the end of May to US$14,921 billion at the end of June,…
Egypt may be forced to “muddle through” without IMF
Business
April 16, 2013
Egypt may be forced to “muddle through” without IMF
The country may struggle on for the rest of the year without an IMF loan, enduring a summer of fuel…
Egypt loan talks end without deal but IMF sees progress
Egypt
April 16, 2013
Egypt loan talks end without deal but IMF sees progress
Egypt and the International Monetary Fund failed to agree on terms for a $4.8 billion (3.1 billion pounds) loan that…
Decline in foreign reserves continues
Egypt
April 4, 2013
Decline in foreign reserves continues
Decline in foreign reserves at the Central Bank continued through March to lose about US$84 million, according to the bank's…
Egypt seeking US$465 million loan from Arab Monetary Fund
Business
April 2, 2013
Egypt seeking US$465 million loan from Arab Monetary Fund
Officials are in negotiations for a US$465 million from the Arab Monetary Fund, said Finance Minister Morsy Hegaz in an…
Central Bank: Foreign reserves continue to fall, but at a slower pace
Egypt
March 4, 2013
Central Bank: Foreign reserves continue to fall, but at a slower pace
Egypt’s foreign reserves dropped slightly to US$13.5 billion in late February, down from $13.6 billion late January, Central Bank of…
Egypt insists food supply secure as wheat imports dive
Business
February 24, 2013
Egypt insists food supply secure as wheat imports dive
Egypt's wheat imports are sharply down this year as it endures economic and political crisis, but state and private buyers…
Central Bank governor: Foreign reserves recession could abate by March
Business
February 24, 2013
Central Bank governor: Foreign reserves recession could abate by March
The foreign cash reserve recession rate may decline by March, Central Bank of Egypt Governor Hesham Ramez said. The Central…
Cabinet think tank: Consumer confidence up
Business
February 21, 2013
Cabinet think tank: Consumer confidence up
The Cabinet’s think tank released a report Thursday showing consumer confidence is on the rise. According to the Information…
Pound weakens to new record low
Business
February 13, 2013
Pound weakens to new record low
The Egyptian pound weakened to a record low against the US dollar in interbank trade and slid further still on…