Foreign Reserves Hit USD 39.2 bn by November-End: CBE

The Central Bank of Egypt (CBE) has announced that the country's net international reserves edged up to USD 39.2 bn by the end of November, marking a slight increase of USD 1.8 mn compared with October figures.

Egypt Passes New Conditions for Foreign Citizenship

Prime Minister Mostafa Madbouly has signed off on granting the Egyptian citizenship to foreigners who either buy assets or invest at least USD 250,000 (EGP 4.03 mn) in the country.

Foreign Reserves Hit All-Time High of USD 45 bn in August: CBE

The Central Bank of Egypt (CBE) has revealed that nearly USD 53 mn were added up to the country's net foreign reserves in August, logging USD 44.969 bn from USD 44.917 bn in the previous month.

Egyptian Expats’ Remittances Jump 43% in May: CBE

The Central Bank of Egypt (CBE) said remittances of Egyptian expatriates, one of the country’s main sources of foreign currency, leaped to almost USD 3 (EGP 49.7) bn in May, up 43% from USD 2.1 (EGP 34.8) bn a mon ...

NUCA Approves System for New Cities’ Land Tenders

New Urban Communities Authority's (NUCA) board of directors approved on June 17 a mechanism to deal with investors' requests for land plots offered in new cities, endeavoring to facilitate purchase procedures and ...

CBE Posts USD 112 mn Hike in Net Foreign Reserves by End-May

The Central Bank of Egypt (CBE) has indicated that the country managed to add USD 112 mn to its reserves base in May to close the month at USD 44.274 bn, compared to USD 44.218 bn at end-April

Net Foreign Reserves Hit USD 44.218 bn by End-April: CBE

The Central Bank of Egypt (CBE) announced on May 5 that the country’s net foreign reserves surged to USD 44.218 bn at end-April, compared to USD 44.030 bn in the prior-year period.

CBE Reports USD 44.11 bn Foreign Reserves by End-March

The Central Bank of Egypt (CBE) announced on April 3 that the country’s net foreign reserves climbed to USD 44.11 bn at the end of March, up from USD 44.06 bn a month earlier.

Now is Right Time for Real Estate Investment in Egypt: Savills

International property advisor Savills has emphasized that now is the right time for real estate investment in Egypt, pointing out that the Egyptian economy is booming and progressing and investments in the countr ...

Net Foreign Reserves Hit USD 44.06 bn by February-End: CBE

The Central Bank of Egypt (CBE) announced on March 4 that the net foreign reserves surged to USD 44.060 bn at the end of February, up from USD 42.616 bn a month earlier

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