Central Bank of Egypt | Egypt Oil & Gas - Part 2
Egypt Reached Highest Level of Inflation in May
Egypt has reached the highest level of inflation in seven years in May, another challenge for policy makers trying to tackle a shortage of foreign currency that is slowing growth, Bloomberg informed. Annual core infla...
Egypt’s Foreign Reserves Rose to $17.52b
Egypt’s net foreign reserves rose to $17.52b at the end of May, up from $17.011b in April, the Central Bank of Egypt (CBE) announced, according to Ahram Online. CBE stated that foreign reserves increased by $510...
Egypt’s Foreign Reserves Increased to $17b
Egypt’s net foreign reserves reached $17b at the end of April, which marks an increase by $449m, the Central Bank of Egypt (CBE) announced, wrote Aswat Masriya. The foreign currency reserves increased by $408m i...
Egypt Considered Prone to Sign IMF Loan
Egypt may sign a five-year loan deal with the International Monetary Fund (IMF) during the IMF and World Bank biannual meetings in mid April, Daily News Egypt reported. Economic analysts and reports speculate the IMF ...
Egypt’s Central Bank Records $27m Increase in Foreign Reserves
The Central Bank of Egypt (CBE) revealed that the foreign exchange reserves increased during March by approximately $27m, registering $16.561b, compared to $16.534b in February, reported Daily News Egypt. According to... Egypt’s Balance of Payments Deficit Increased to $3.4b
Egypt’s balance of payments (BOP) deficit jumped 240% in the first half of the 2015/2016 fiscal year to reach $3.4b, up from $1b last year, due to falling tourism receipts, Suez Canal revenues, and transfers, the Cent...
