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" foreign currency"

144 results

World - Region

Syria says will import more fuel to cover shortfalls caused by sanctions

1/18/2021 11:19:38 AM

'We have become dependant on imported oil and we have used up foreign currency in large amounts to pay for petroleum products,' Arnous told deputies in a speech to Parliament

Business - Economy

Egypt's Suez Canal revenues down 3.4% in 2020

1/3/2021 4:46:43 PM

The canal, which is the fastest shipping route between Europe and Asia, is one of Egypt's main sources of foreign currency

Business - Economy

Egypt’s banks assets recover, near-term risks to FC funding, liquidity profiles recede: Fitch Ratings

12/16/2020 1:14:54 PM

Fitch Ratings said that country’s FC liquidity was boosted in Q3 2020 driven by the raising of a $2 bln one-year loan from regional and international banks and the issuing of $750 million green bonds in September

World - Region

Lebanon extends deadline to submit data for forensic audit, says Finance Minister

11/5/2020 5:27:41 PM

Lebanon's plight worsened after it defaulted on its huge foreign currency debt in March following years of financial engineering by the central bank to help fund the government

Business - Economy

BLOM Egypt sale would increase bank’s capital, FX liquidity amid Lebanon’s crisis: Moody’s

8/17/2020 1:27:04 PM

The sale would increase BLOM Bank’s capital base and foreign-currency liquidity, a credit positive amid Lebanon's deep economic, financial and social crises, according to Moody’s.

Al-Ahram Weekly - Egypt

Egypt: Foreign currency takes a hit amid pandemic

8/13/2020 5:55:00 PM

The impacts of the coronavirus pandemic are being felt on Egypt’s main hard-currency earners

World - Africa

UN warns that 60% of Zimbabweans threatened by hunger

7/30/2020 1:25:23 PM

Zimbabwe is gripped by a climate- and recession-induced economic crisis, its worst in more than a decade, which has seen shortages of foreign currency, medicines and soaring inflation

Business - Economy

Egyptian banks' foreign currency liquidity still vulnerable, sensitive to external shocks: Fitch

7/15/2020 3:10:21 PM

Recent loans from the IMF and a Eurobond issuance have helped ease some pressure, but the outlook remains unclear

Egypt - Politics

266 Egyptian hotels now open under new hygiene rules: Ministry

6/19/2020 6:10:01 PM

Egypt hopes that the resumption of regular flights starting next month will boost its ailing tourism sector, an essential source of foreign currency

Business - Economy

Central Bank of Egypt reserves reach highest ever level, at $45 bln

10/2/2019 11:46:49 AM

According to CBE board member Fakhry Elfiky, the recent jump in international reserves stems from rising gold prices