CBE: Banking Sector Fed In $33.7b to Cover State Needs

• Sunday, 12th June 2016
• by Egypt Oil & Gas

The Egyptian banking sector has provided approximately $33.7b to cover the needs of the state and importers requests for foreign exchange between November 2015 and end of April 2016, according to the Governor of the C...

Egypt Reached Highest Level of Inflation in May

• Sunday, 12th June 2016
• by Egypt Oil & Gas

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...

UAE Allocated $4b in Support to Egypt

• Sunday, 24th April 2016
• by Egypt Oil & Gas

The United Arabic Emirates has allocated $4b to Egypt to boost country’s economy, the UAE state news agency WAM informed, reported Al Bawaba. According to previous reports by The New York Times, Sheikh Khalifa b...