reserves

Lira on four-day skid as Ankara struggles to hold confidence
Middle East

Lira on four-day skid as Ankara struggles to hold confidence

ISTANBUL, Dec 30 (Reuters) – The Turkish lira fell as much as 6% on Thursday, extending a four-day slide after…
Egypt adds 40 trillion cubic meters gas reserves out of 4 fields: EGAS
Egypt

Egypt adds 40 trillion cubic meters gas reserves out of 4 fields: EGAS

  The Egyptian Natural Gas Holding Company (EGAS) said that Egypt added around 40 trillion cubic meters of natural gas…
IMF says it’s encouraged by Gulf’s economic reform plans
Business

IMF says it’s encouraged by Gulf’s economic reform plans

The International Monetary Fund said it was encouraged by the efforts of Saudi Arabia and other Gulf Arab oil exporters…
Wheat strategic reserves cover Egypt’s needs until mid-February
Economy

Wheat strategic reserves cover Egypt’s needs until mid-February

Khaled Hanafy, Minister of Supply and Internal Trade, announced that the strategic reserves of local and imported wheat are sufficient…
Central Bank: Egypt’s foreign reserves rise to $16.909 bn in October
Business

Central Bank: Egypt’s foreign reserves rise to $16.909 bn in October

Egypt's foreign reserves rose to US$16.909 billion at the end of October from $16.872 billion the previous month, the central…
Economists: Arab loans will increase currency reserves
Business

Economists: Arab loans will increase currency reserves

Economists have said that the US$8 billion Egypt will receive in loans from Saudi Arabia and the United Arab Emirates…
Egypt mulls wheat imports from Kazakhstan
Business

Egypt mulls wheat imports from Kazakhstan

Egypt is considering resuming wheat imports from Kazakhstan after a two-year hiatus, an adviser to the minister of supply said…
Wheat imports to fall 8-10 pct in 2013
Business

Wheat imports to fall 8-10 pct in 2013

Officials plan to cut state wheat imports this year by around 10 percent, with the world's largest grain importer relying…
Central Bank: Egypt can meet import needs
Business

Central Bank: Egypt can meet import needs

Egypt can meet its demands for petroleum and food imports, despite its troubled economy, according to Central Bank of Egypt…
Egypt’s economy: From crisis to crash
Opinion

Egypt’s economy: From crisis to crash

Since February 2011, Egyptian authorities have designed their fiscal, monetary and exchange rate policies for the sole purpose of preventing…
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