black market

  • Egypt’s FX Reserves Dropped to $15.5b in July

    Egypt’s FX Reserves Dropped to $15.5b in July

    Wednesday, 10th August 2016
    Egypt’s foreign-currency reserves dropped by 11% in July and net international reserves reached $15.5b, after authorities repaid about $2b in debt. This is the biggest drop in FX reserves that Egypt has faced in 16 years.
  • Tuk Tuks and Motorcycles to Be Included in Smart Card System

    Tuk Tuks and Motorcycles to Be Included in Smart Card System

    Monday, 21st September 2015
    In an exclusive statement made to Egypt Oil & Gas (EOG), Khaled Abdul Ghani, Director of the Smart Card system, said that the new council of ministers were compiling all of the necessary statistics for those who were genuinely eligible for subsidies within the smart cards system, before launching the second phase.