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Business
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Economy
5/8/2022 8:47:32 PM
Egypt’s net international reserves (NIRs) rose slightly in April to $37.1 billion, up from $37 billion posted in March, the Central Bank of Egypt (CBE) announced on Sunday.
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Business
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Energy
4/13/2022 1:31:45 PM
As Europe aims to wean itself off Russian fossil fuel because of the Ukraine invasion, Israel hopes to help fill the gap with gas from its offshore reserves.
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War in Ukraine
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Economy
4/12/2022 8:11:45 PM
Natural gas giant Algeria has agreed to boost deliveries to Italy as European countries seek to reduce their reliance on Russian imports over the Ukraine war. But experts say the North African country, despite its vast natural gas reserves, is already exporting at close to full capacity.
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Business
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Economy
4/7/2022 4:59:21 PM
Egypt’s net international reserves (NIRs) fell to about $37 billion by end of March, down from $40.9 billion in February, the Central Bank of Egypt (CBE) announced on Thursday.
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War in Ukraine
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Economy
3/24/2022 9:46:29 PM
The US and its allies said Thursday they're moving to block financial transactions with Russia's Central Bank that involve gold, aiming to further restrict the country's ability to use its international reserves because of Vladimir Putin's invasion of Ukraine. Putin has been building his gold stockpile since 2014.
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War in Ukraine
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Economy
3/23/2022 9:39:22 PM
Treasury Secretary Janet Yellen was set to meet with US lawmakers Wednesday to discuss a possible freeze on Russian reserves of gold.
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Egypt
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Politics
3/15/2022 11:26:00 PM
The Egyptian wheat supply season will start by 1 April, instead of mid-April, to shore up the country's strategic reserves of the grain amid disruption of supply lines and global price hikes resulting from the Russian-Ukrainian war.
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Al-Ahram Weekly
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Egypt
3/11/2022 6:46:00 PM
Thanks to Egypt’s strategic reserves, the international hike in corn prices will not affect the country in the short term.
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Business
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Economy
3/8/2022 1:48:00 PM
Egypt will have enough wheat reserves to cover eight months of the domestic market’s needs after the local harvest is delivered and the government will import wheat from alternative markets to deal with the current exceptional circumstances caused by the Russian invasion of Ukraine, said Minister of Finance Mohamed Maait.
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War in Ukraine
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Economy
3/1/2022 7:03:13 PM
All 31 member countries of the International Energy Agency have agreed to release 60 million barrels of oil from their strategic reserves ``to send a strong message to oil markets'' that there will be ``no shortfall in supplies'' as a result of Russia's invasion of Ukraine, the group said Tuesday.
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Egypt
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Politics
2/27/2022 8:08:54 PM
Egypt’s strategic reserves of basic food commodities – including wheat, rice, meat and poultry – will last for months, Egypt’s Minister of Supply and Internal Trade Ali Moselhi has affirmed to President Abdel-Fattah El-Sisi.
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Al-Ahram Weekly
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Economy
2/11/2022 1:29:00 PM
The recent increase in Suez Canal transit tolls will reflect positively on the international navigation route, experts tell Al-Ahram Weekly.
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Al-Ahram Weekly
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Economy
2/11/2022 1:28:00 PM
The World Bank praised the economy’s ability to mitigate Covid-19. Al-Ahram Weekly reviews Egypt’s Economic Monitor report
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Business
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Economy
2/6/2022 4:12:56 PM
Egypt’s net international reserves (NIRs) edged up in January by $45 million to post $40.98 billion, up from $40.93 billion recorded in December, the Central Bank of Egypt (CBE) announced on Sunday.
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Al-Ahram Weekly
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Egypt
2/1/2022 10:46:41 PM
Egypt’s strategic wheat reserves are in excellent shape, allowing the government room to manoeuvre soaring global prices, experts tell Ahmed Abdel-Hafez
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Sports
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World
1/25/2022 7:37:04 PM
Denmark playmaker Christian Eriksen is training with Ajax's reserves to regain fitness while seeking a new team, his former club said Tuesday.
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World
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International
1/13/2022 6:55:14 PM
Europe's natural gas crisis isn't letting up. Reserves are low. Prices are high. Utility customers are facing expensive bills. Major Russian supplier Gazprom isn't selling gas like it used to.
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Business
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Economy
1/5/2022 4:31:07 PM
Egypt’s net international reserves (NIRs) rose slightly in December to reach $40.93 billion, up from the $40.90 billion recorded in November, the Central Bank of Egypt (CBE) announced on Wednesday.
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Business
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Energy
12/28/2021 6:05:59 PM
Lebanon's energy minister launched two projects in the country's north on Tuesday to facilitate the flow of natural gas from Egypt. The move aims to improve electricity production and expand the country's tanks to increase oil reserves.
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World
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Region
12/21/2021 1:56:56 PM
Lebanon's mandatory reserves are down to $12.5 billion, Central Bank Governor Riad Salameh said Tuesday, adding that this was only enough to finance subsidies on basic goods for another six months.
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