Foreign currency reserves surge to $18.9bn in July
The current foreign reserves, necessary to import staples, primarily wheat, registered $14.9bn…
Finance minister promises no new taxes
Galal announced that no property taxes or income taxes would be modified…
Moody’s downgrades Bank of Alexandria’s rating to B3
Moody’s stated the rating action was driven by the firm’s “view that…
Non-petroleum exports surge in Q2 of 2012/2013
Exports registered EGP 16.3bn in the same period last year.
Economic instability affects construction sector: report
Gleeds Construction Consultancy Egypt says devaluation of the local currency is likely…
Finance minister directs Gulf aid to foreign reserves and state budget
Expert: Value of aid is “economically misleading” and unlikely to raise the…
Industry and foreign trade ministeryto focus on increasing exports
Mounir Fakhry Abdel Nour announced that he is reviewing a plan to…
IMF: No contact yet with interim government
Spokesman says the decision to engage with the interim government depends on…
Gulf aid bolsters Egyptian pound against the US dollar
Egypt receives aid packages from Saudia Arabia, UAE, and Kuwait
Ten reasons why Egypt is vital to US economy and security
By Juan Cole Whatever the reasons the US public is less excited…