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Business
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Economy
6/7/2023 6:55:45 PM
Gold prices declined by 0.9 percent in May in North American currencies, but increased by a range between 0.1 and 5.8 percent in other global currencies, including the sterling and the Yuan, according to a report by World Gold Council that was released on Wednesday.
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Business
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Economy
6/6/2023 11:40:28 AM
Egypt's net international reserves increased by $109.2 million during May 2023, the Central Bank of Egypt (CBE) announced on Tuesday.
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Business
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Economy
6/4/2023 2:17:00 PM
Remittances by Egyptians working abroad plunged by 23 percent during the first half (H1) of the fiscal year 2022/2023, declining to $12 billion from $15.6 billion in the same period a year earlier, according to data from the Central Bank of Egypt (CBE) in May, adding further strain to the country's foreign currency reserves.
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World
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Africa
5/26/2023 3:50:58 PM
China and the Democratic Republic of Congo will strengthen their partnership and step up cooperation, Beijing said Friday, as talks over renegotiating mining contracts for the African country's valuable mineral reserves continue.
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World
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Region
4/7/2023 11:03:00 PM
Israeli Prime Minister Benjamin Netanyahu mobilised police and army reserves late Friday after separate attacks killed three people in the West Bank and Tel Aviv in the latest escalation of deadly violence.
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World
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Region
3/17/2023 2:14:35 PM
Hundreds of elite officers in Israel’s military reserves say they will not show up for duty starting on Sunday in protest over the government's plans to overhaul the judicial system.
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Business
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Economy
3/6/2023 5:56:06 PM
Egypt's net international reserves (NIRs) rose in February by $128 million to reach $34.3 billion, up from $34.2 billion registered by the end of January 2023, the Central Bank of Egypt (CBE) announced on Sunday.
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Business
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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.
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Business
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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.
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Business
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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.
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Egypt
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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.
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Egypt
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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.
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World
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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.
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Business
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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.
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World Cup 2022
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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.
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Egypt
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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.
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Al-Ahram Weekly
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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.
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World Cup 2022
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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.
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Business
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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.
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Egypt
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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.
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