Foreign currency reserves surge to $18.9bn in July
The current foreign reserves, necessary to import staples, primarily wheat, registered $14.9bn…
UAE’s $3bn in aid arrives to Egypt
Central Bank Governor Hisham Ramez said that $2bn of Saudi Arabia’s $5bn…
Sawiris: My family will pump billions of dollars worth of investments into Egypt following the 30 June uprising
Sawiris further said in a statement made to Reuters that Morsi sought…
Mona Makram Ebeid: IMF representatives reinforce the need to build a new strong economy within Egypt
IMF officials reinforced the need to encourage the growth of a strong…
Kuwait delivers free fuel to Egypt: report
Two tankers, one carrying around 100,000 tonnes of diesel and the other…
Analysts debate conversion of gulf lifelines to bonds
Meanwhile, former finance minister Momtaz El Saeed said that a conversion is…
Fitch Group’s new credit downgrade of Egypt does not take into account recent aid received from the Gulf
The analysts stated that the recent downgrade would not have a large…
Egypt to receive $4bn in aid from Kuwait
$12bn total aid pledged by Gulf states should assist Egypt's beaten economy…
SEC postpones decision on Shafiq’s appeal to Thursday
MENA: Postponing the decision came because of the death of SEC’s head’s…