Egypt and China entered into three financial cooperation agreements on Thursday. The main topics of discussion included the ...

Further growth in foreign assets is expected in March after the International Monetary Fund approved a $1.2 billion disbursement to Egypt, following the fourth review of its $8 billion economic ...

The Central Bank of Egypt (CBE) reported that the net foreign assets of the Egyptian banking sector recorded a surplus of $5.224bn (EGP 265.898bn) in Tuesday, 02 January 2024 12:17 GMT عربي ...

To attract foreign currency and boost local market competitiveness, authorities agreed back in 2022 to sell stakes in 32 state-owned businesses, including Telecom Egypt, luxury hotels in Cairo, ...

The deficit in Egypt's foreign assets deficit declined by nearly 3 percent - EGP 24.92 billion ($807.95 million) - on a monthly basis in July, as assets rose at a pace faster than the growth in ...

The CEO of Egypt's third-largest bank tells Al-Monitor why he is hopeful about the country's economic recovery.

The strong influx of foreign currency has helped eliminate the foreign asset deficit of the CBE. From a deficit of $11.4bn in January 2024, it turned into a surplus of $10.3bn by June 2024.

Hassan El-Khatib, Minister of Investment and Foreign Trade, announced that the Egyptian government plans to double the assets and investments managed by The Sovereign Fund of Egypt (TSFE) to better ...

Even so, drawing foreign currency from local banks is proving difficult as the net foreign-asset position dropped to a record negative USD 24.4bn at end-June 2023 (Figure 2). Tapping international ...

Exclusive: Egypt counts on foreign funds to buy gas as power crisis worsens By Marwa Rashad , Francesca Landini , Mohamed Ezz and Sarah El Safty September 2, 2024 1:12 PM UTC Updated September 2, 2024 ...

Egypt's private sector is key to the country's prosperity amidst fast-changing global and domestic economic conditions. As an engine of innovation and productivity growth, private enterprises are ...

According to data released by the Central Bank of Egypt (CBE), the country's net foreign assets deficit decreased to EGP 812.41 billion ($26.34 billion) in July 2023, down from EGP 837.329 billion ...