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World
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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.
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Business
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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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World
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Region
10/11/2022 10:35:00 AM
Israel said Tuesday it was close to a "historic" deal with Lebanon to resolve a long-running dispute over their border in Mediterranean waters that boast rich gas reserves, after a US-drafted proposal met Israeli "demands".
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Egypt
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Politics
10/10/2022 5:36:32 PM
Minister of Supply Ali Moselhy called on MPs to help the government reform the bread subsidy programme in order to cut wheat imports and reduce pressure on the state budget and foreign exchange reserves.
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Business
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Economy
10/5/2022 5:57:22 PM
Egypt net international reserves (NIRs) rose by $56 million in September to post $33.19 billion, up from $33.14 posted in August, its first increase since the start of the Russian-Ukrainian crisis last February, the Central Bank of Egypt (CBE) announced on Wednesday.
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Egypt
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Society
9/21/2022 11:16:54 PM
Egypt will achieve self-sufficiency in rice production soon and has enough wheat reserves to cover 6.3 months of the market’s needs, as well as sugar reserves to cover 5.1 months, Egypt’s Minister of Supply and Internal Trade Ali Moselhi stated on Wednesday.
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War in Ukraine
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Economy
9/6/2022 10:27:02 PM
Ukraine's foreign reserves rose 13.6 percent in August, expanding for the first time in five months, data from the National Bank of Ukraine (NBU) showed on Tuesday.
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World
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International
8/24/2022 4:26:25 PM
Italy's push to rapidly reduce its dependence on Russian natural gas has made the country less vulnerable to an interruption of supplies, Premier Mario Draghi said Wednesday, noting that the country has stockpiled 80% of its capacity of gas reserves ahead of winter and is on track to hit 90% by October.
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Al-Ahram Weekly
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Egypt
8/23/2022 8:59:00 PM
Tarek Amer’s seven-year tenure heading the Central Bank of Egypt.
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Egypt
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Society
8/10/2022 10:30:12 PM
Egypt has currently strategic wheat reserves that can cover domestic consumption for 7.2 months, Minister of Supply and Internal Trade Ali Moselhy said on Wednesday.
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Business
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Economy
8/7/2022 3:15:57 PM
Egypt’s net international reserves (NIRs) declined by $230 million in July to post $33.1 billion, down from $33.3 billion at the end of June 2022, the Central Bank of Egypt (CBE) said on Sunday.
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Al-Ahram Weekly
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Egypt
7/1/2022 12:37:00 PM
The government should slow the pace of its exit from some economic sectors while creating more room for the private sector, former minister of supply Gouda Abdel-Khalek tells Safeya Mounir.
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World
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International
6/20/2022 11:32:19 AM
Sri Lanka closed schools and halted all non-essential government services on Monday, beginning a two-week shutdown to conserve fast-depleting fuel reserves as the International Monetary Fund opened talks with Colombo on a possible bailout.
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Business
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Economy
6/6/2022 5:59:00 PM
Egypt’s net international reserves (NIRs) dropped in May to $35.5 billion, down from $37 billion posted in April, the Central Bank of Egypt (CBE) announced on Monday.
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World
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Africa
6/2/2022 5:19:47 PM
Nigeria's government has directed its state-run oil company Nigerian National Petroleum Corporation (NNPC) to implement a deal on a gas pipeline to Europe through Morocco.
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War in Ukraine
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Economy
5/31/2022 4:18:48 PM
Russia, one of the world's top grain producers, is using export disruptions caused by sanctions to boost its reserves, the chairman of the country's grain union said Monday.
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Egypt
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Society
5/19/2022 2:50:22 PM
Egypt currently has a strategic reserve of wheat that can cover domestic consumption for four months, the Egyptian Cabinet's media centre said on Thursday.
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Egypt
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Politics
5/17/2022 10:57:08 PM
The Mubarak family reserves their legal rights against any future "defamatory reporting," son of the late former President Hosni Mubarak, Gamal, said in a video statement broadcast on Tuesday.
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Al-Ahram Weekly
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Economy
5/10/2022 10:26:34 PM
Individuals and governments are turning to gold as a safe haven in the face of fluctuating currencies during times of crisis, reports Ahmed Abdel-Hafez
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Business
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Economy
5/8/2022 10:08:44 PM
After a nine-day holiday due to Eid El-Fitr and Labour Day celebrations, Egypt’s banking sector resumed work on Sunday amid calm as the Egyptian pound remained stable despite the US Federal Reserves' recent decision to raise interest rates.
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