Banks resume working amid unrest
Banks returned to working normally starting Sunday for only three hours a…
Gulf funds push foreign reserves to highest levels since November 2011
Egypt's net reserves reached $18.9bn in July, up $4bn from the month…
Central bank reduces its interest rates by 50 basis points
According to a statement on the bank’s website, the discount and repurchasing…
IMF waiting for the “right time” for loan negotiations
The global lender said all discussions are being held with the technical…
Egypt’s budget deficit to decline in 2013/2014 fiscal year
The total revenue of the fiscal year 2013/2014 will reach EGP 505.5bn…
UAE’s $3bn in aid arrives to Egypt
Central Bank Governor Hisham Ramez said that $2bn of Saudi Arabia’s $5bn…
Domestic debts rise an alarming 27% in Q3 2012/2013
Debt has risen unprecedentedly since March 2012, reaching EGP 1.089tn, or 80%…
Annual inflation soars to 9.8% in June
Financial experts predict inflation levels to further accelerate in the coming months…
Central Bank head in Abu Dhabi in search of financial aid
The visit follows a statement detailing a drop in the country’s capital…