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" reserves"

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Business - Economy
2/3/2023 3:59:46 PM
Could Egypt lower its dependency in the short term on "hot money" as a source of securing liquidity in foreign exchange amid the government's plan to focus on attracting more direct investments in a longer term strategy for strengthening the economy? Ahram Online asked various analysts.

Business - Economy
1/16/2023 5:54:53 PM
Egypt has received $925 million in indirect investments in local debt instruments since Wednesday, increasing the country’s reserves of hard currency in addition to an increase from the local market, Egyptian expats remittances, and the tourism sector, the Central Bank of Egypt said on Monday.

Business - Economy
1/3/2023 11:11:39 PM
Egypt's net international reserves (NIRs) rose by $470 million to hit nearly $34 billion in December 2022, compared to $33.5 billion in November, the Central Bank of Egypt (CBE) announced on Tuesday.

Egypt - Urban & Transport
12/23/2022 11:40:00 AM
Egypt’s President Abdel-Fattah El-Sisi gave his directives on Thursday to intensify exploration of new oil and natural gas areas to achieve optimal economic exploitation of Egypt’s resources and to maximise the added reserves of natural gas to meet both the needs of local markets and exports.

Egypt - Society
12/18/2022 9:26:16 PM
Egypt’s strategic reserves of each of wheat, sugar, corn, oil, and rice are sufficient for four to six months, Minister of Supply and Internal Trade Ali Moselhi told President Abdel-Fattah El-Sisi in a meeting on Sunday.

World - International
12/17/2022 1:06:05 PM
The Biden administration said Friday it is buying 3 million barrels of oil to begin to replenish U.S. strategic reserves that officials drained earlier this year in a bid to stop gasoline prices from rising amid production cuts by OPEC and a ban on Russian oil imports.

Business - Economy
12/7/2022 6:30:51 PM
​Egypt will receive the first tranche of its $3 billion IMF loan immediately after the IMF board meeting on Friday 16 December, or within 10 days, said head of the House's Budget Committee Fakhri El-Fiqi, who affirmed the loan will help shore up the country's foreign currency reserves.

World Cup 2022 - News
12/1/2022 9:56:05 PM
Still without Neymar and already secured in the round of 16, Brazil will use its last group game at the World Cup to give playing time to its reserves.

Egypt - Society
11/13/2022 9:08:47 PM
Egypt has enough strategic reserves of basic commodities, including wheat, to cover the country’s needs for months to come, Minister of Supply and Internal Trade Ali Moselhi said on Sunday.

Al-Ahram Weekly - Egypt
11/10/2022 4:01:00 PM
Prime Minister Mustafa Madbouli says Egypt’s new deal with the IMF will shore up foreign exchange reserves and help contain inflation.

World Cup 2022 - Features
11/6/2022 2:50:46 PM
Qatar is home to some 2.9 million people, but only a small fraction _ around one in 10 _ are Qatari citizens. They enjoy massive wealth and benefits fueled by Qatar's shared control of one of the world's largest reserves of natural gas.

Business - Economy
11/3/2022 3:25:56 PM
Egypt's net international reserves (NIRs) registered $33.4 billion in late October, an increase of $214 million over its volume in September, the Central Bank of Egypt (CBE) said Thursday.

Egypt - Politics
10/30/2022 11:03:48 PM
Egypt’s President Abdel-Fattah El-Sisi has directed maintaining the strategic reserves of basic commodities and monitoring their market prices to ensure the stability of the country’s food security status.

Business - Energy
10/25/2022 4:57:13 PM
Saudi Arabia's energy minister on Tuesday blasted the release of emergency oil stocks as an attempt to "manipulate markets", the latest apparent salvo in a spat with Washington over oil production.

Business - Economy
10/23/2022 1:43:34 PM
The ongoing global economic challenges has been affecting emerging and developing markets, including Egypt, putting heavy pressures on their economies and its exchange rate reserves, said the well-known economist and the President of Queens’ College Mohamed El-Erian.

Al-Ahram Weekly - Egypt
10/20/2022 10:54:00 AM
Egypt is anticipating its fourth loan from the International Monetary Fund in order to boost the economy, increase foreign-currency reserves, and cushion the effects of the global inflationary wave.

World - War in Ukraine
10/19/2022 7:17:24 PM
President Joe Biden plans to release 15 million barrels of oil or more from the U.S. strategic reserves in an effort to stop gasoline prices from rising now that OPEC and its allies plan to cut production.

World - International
10/19/2022 11:24:40 AM
President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations, and he will say more oil sales are possible this winter, as his administration rushes to be seen as pulling out all the stops ahead of next month's midterm elections.

World - Africa
10/15/2022 2:54:07 PM
Ethiopia has ordered banks to deny foreign currency to businesses importing non-priority goods, in an effort to shore up dwindling foreign reserves in one of Africa's major economies.

Business - Energy
10/14/2022 7:07:35 PM
Germany on Friday said it had filled its gas reserves to 95 percent of capacity faster than expected as it prepares for a winter deprived of Russian energy supplies.

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