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Business
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Economy
12/7/2023 1:57:25 PM
The international reserves at the Central Bank of Egypt (CBE) inched up by $71 million to record $35.17 billion in November, according to CBE data on Thursday.
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Business
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Economy
11/13/2023 1:42:42 PM
Kuwait has prolonged the tenor of a $4 billion deposit at the Central Bank of Egypt (CBE) to support the country’s international reserves, according to data released by the bank.
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Business
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Economy
11/6/2023 7:53:19 PM
Egypt received 1.3 million tourists from 80 countries in October -- an 8 percent increase from October 2022 -- despite the geopolitical tensions, said Minister of Tourism Ahmed Essa.
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Business
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Economy
11/5/2023 5:36:57 PM
The Central Bank of Egypt (CBE) revealed a slight uptick in international reserves, climbing to $35.1 billion in October from $34.97 billion in September, according to data released on Sunday.
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Business
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Economy
10/29/2023 6:21:15 PM
The gold holdings of the Central Bank of Egypt (CBE) declined by 2.8 percent to EGP 235.64 billion ($7.64 billion) in September from EGP 242.42 billion ($7.86 billion) in August, according to the monthly balance sheet released on Sunday.
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Business
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Economy
10/16/2023 3:32:21 PM
Egypt’s Ministry of Supply and Internal Trade announced it has purchased 250,000 tons of rice to support Egypt’s strategic rice reserves for six months, read a ministry statement on Sunday.
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Business
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Economy
10/9/2023 8:44:14 PM
Several local banks suspended on Monday hard currency cash withdrawals and purchases made outside Egypt using debit cards, as per instructions from the Central Bank of Egypt (CBE) to reduce pressure on foreign currency reserves, an informed source told Ahram Online.
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Business
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Economy
10/8/2023 8:39:57 PM
Some Egyptian banks have set new limits for using their cards abroad to curb abusive practices that drain the country’s foreign currency reserves.
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World
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Region
10/7/2023 10:42:19 AM
The Israeli army declared a state of war alert, calling up reserves and carrying out air strikes on the Gaza Strip, after Hamas launched an unprecedented surprise attack on Saturday morning, the Times of Israel reported.
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Business
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Economy
10/4/2023 5:41:55 PM
Net International Reserves (NIRs) at the Central Bank of Egypt (CBE) reached $34.97 billion in September, the highest level in 16 months, according to data released on Wednesday.
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Business
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Economy
9/28/2023 8:47:48 PM
The Central Bank of Egypt (CBE) signed a trade agreement with the Central Bank of the UAE (CBUAE) that involves swapping EGP 42 billion for AED 5 billion, according to an official statement on Thursday.
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Business
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Economy
9/3/2023 12:37:24 PM
The deficit in Egypt's foreign assets deficit declined by nearly 3 percent - EGP 24.92 billion ($807.95 million) - on a monthly basis in July, as assets rose at a pace faster than the growth in liabilities.
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Egypt
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Society
8/20/2023 8:35:28 PM
Egypt’s Minister of Supply and Internal Trade Ali Moselhi revealed to the press on Sunday that the country's strategic commodities reserves are sufficient to meet consumption needs for several months.
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Business
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Economy
8/6/2023 6:57:49 PM
Egypt's net international reserves increased by $71.7 million during July 2023, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
8/3/2023 4:06:13 PM
Egypt's General Authority For Supply Commodities (GASC) has sealed a deal to import 360,000 tons of wheat, read a statement by the Ministry of Supply and Internal Trade on Thursday.
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Business
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Economy
7/22/2023 11:05:43 PM
Sri Lanka is considering the possibility of allowing the use of the Indian rupee for local transactions, as the island nation struggles to build its depleted foreign reserves and to emerge from last year’s unprecedented economic crisis.
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Business
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Economy
7/6/2023 9:34:21 PM
The Central Bank of Egypt (CBE) announced on Thursday that its net foreign reserves (NIRs) rose slightly by $146 million to reach $34.806 billion in June compared with $34.660 billion in the previous month.
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Egypt
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Tourism
6/27/2023 6:14:22 PM
Natural reserves across Egypt, particularly the coastal ones, are fully prepared to welcome thousands of visitors during the four-day Eid Al-Adha holiday, Minister of Environment Yasmine Fouad said.
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Business
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Markets & Companies
6/20/2023 4:56:08 PM
The gold is still losing big chunks of its previous gains that endured until May, with the golden pound losing EGP 800 of its value in two days. The stock market saw mixed performance on Tuesday.
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Business
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Economy
6/20/2023 4:18:07 PM
International Monetary Fund (IMF) Managing Director Kristalina Georgieva said that Egypt needs to work on preventing the leakage of foreign exchange (FX) reserves caused by the multiple exchange rates.
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