Tag: foreign exchange

$26m increase in CBE’s foreign exchange reserves in June

The value of gold included in the reserves increased to $2.602bn in…

Hossam Mounir

CBE to reveal its foreign exchange reserves this week

Debt repayment to Qatar and Paris Club countries is likely to impact…

Hossam Mounir

Foreign aid, loans kept foreign exchange reserves cohesive under Muslim Brotherhood and Al-Sisi

The Egyptian pound lost 16% of its value against the US dollar…

Hossam Mounir

$510m increase in Egypt’s foreign exchange reserves in May: CBE

The Central Bank of Egypt (CBE) announced that foreign reserves increased by…

Hossam Mounir

Head of IMF Mission to Egypt urges for measures to reduce budget deficit

External debt is within safe limits and can be managed, but local…

Mustafa Sakr

Ezz Steel expects continued foreign exchange challenges, decline of global market in short-term

The company managed to turn profits in Q4 of 2015, and reduce…

Mohamed Ahmed

$56m increase in foreign exchange reserves at end of February: CBE

The Central Bank of Egypt (CBE) revealed Thursday the balance of foreign…

Hossam Mounir

Banks ordered to prioritise providing foreign exchange for vital exports

CBE demanded that local banks prioritise directing their foreign exchange liquidity to…

Hossam Mounir

US dollar registers EGP 8 at exchange companies

Pharos expects the dollar exchange rate to drop to EGP 8.5 during…

Doaa Farid

Egyptian foreign reserves down more than $1.5bn, at $18.5bn

Government has to pay $250m in September as dues of bonds issued…

Doaa Farid