Sector Reforms Contribute to Rising Reserves, Economic Growth: El-Molla

• Thursday, 13th June 2019
• by Mai El Ghandour

The Minister of Petroleum, Tarek El Molla said that the ministry’s economic reforms have successfully contributed to increasing Egypt’s foreign exchange reserves to $44 billion, Egypt Oil & Gas reports...

Algeria’s Forex Expected to Drop to $116b by end 2016

• Sunday, 17th July 2016
• by Egypt Oil & Gas

Low crude prices have hit Algeria’s foreign exchange reserves, forcing the government to make further cuts in spending. According to Algerian Prime Minister, Abdelmalek Sellal, foreign exchange reserves are expected t...

Egypt’s Central Bank Records $27m Increase in Foreign Reserves

• Wednesday, 6th April 2016
• by Egypt Oil & Gas

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...