Tag: foreign reserves

CBE offers up $1.5bn to banks in exceptional auction

Auction aims to support banks and their role in domestic economy, central…

Doaa Farid Doaa Farid

Foreign reserves drop to $17bn

International foreign reserves fall for the fourth consecutive month

Sara Aggour Sara Aggour

Foreign reserves drop to $18.59bn

Reserves fall by $110m month on month

Sara Aggour Sara Aggour

Foreign reserves decline to $18.7bn

$200m drop between August and September

Sara Aggour Sara Aggour

Government records EGP 240bn budget deficit in last fiscal year

59% of increases for government expenditures are for subsidies and debt settlements

Sara Aggour Sara Aggour

UAE delegation visits Egypt in days to discuss aid terms

An Egyptian delegation from the Ministry of Petroleum and Mineral Resources presented…

Nada Badawi Nada Badawi

UAE’s $3bn in aid arrives to Egypt

Central Bank Governor Hisham Ramez said that $2bn of Saudi Arabia’s $5bn…

Nada Badawi Nada Badawi

Moody’s: Gulf aid is “credit positive”

Qatar, meanwhile, had granted Egypt $2.5bn in loan last January, and extended…

Nada Badawi Nada Badawi

Fitch cuts Egypt’s credit ratings from B to B-

The global rating firm could further downgrade Egypt’s credit rating, as outlook…

Nada Badawi Nada Badawi

Experts predict higher inflation rates amid unchanged interest rates

Rising summertime prices and devaluing currency drive ongoing inflation

Nada Badawi Nada Badawi