Egypt’s Foreign Reserves Rise to USD 42.6 bn by January-End: CBE
The Central Bank of Egypt (CBE) announced on February 5 that net foreign reserves rose to USD 42.616 bn by the end of January 2019, compared to USD 38.2 bn in the prior-year period.
Emirates NBD Egypt PMI Falls in January
The Emirates NBD Egypt PMI declined for the fifth month in a row in January 2019 to reach the lowest level since December 2017, yet above the series average.
UAE’s Aster to Invest USD 68.1 mn in GCC
UAE-based Aster DM Healthcare, a major private sector healthcare company, plans to invest USD 68.1 mn in new projects across the Gulf region, however, suspending entering the Egyptian market due to fears over the ...
Egyptian Expats’ Remittances Up 5.7% in 11 M: CBE
The Central Bank of Egypt (CBE) has announced that remittances from Egyptian expats, one of the country’s main sources of foreign currency, hiked by 5.7% - or USD 1.2 bn - in the first 11 months of 2018 to USD 23. ...
Lazard to Promote Egypt’s Investment Opportunities Worldwide
Ministry of Investment and International Cooperation has inked an agreement with financial advisory firm Lazard to promote investment opportunities in Egypt worldwide, on the sidelines of the World Economic Forum ...
Egypt’s Foreign Reserves Drop for 1st Time in 2 Years
The Central Bank of Egypt (CBE) has unveiled that the country's foreign currency reserves dropped last December for the first time since the EGP flotation, standing at USD 42.551 bn compared to USD 44.513 bn at th ...
Egyptian Expats’ Remittances Rise 8% in 10 M
The Central Bank of Egypt (CBE) has announced that remittances from Egyptian expats, one of the country’s main sources of foreign currency, rose 8% YoY during the first ten months of 2018 to reach USD 21.4 bn, up ...
Exclusive: Residency-for-Property Decree Officially Issued
Deputy Minister of Housing for National Projects Khaled Abbas says in an exclusive statement to Invest-Gate that the residency-for-property ministerial decree has been officially issued and approved by Passports, ...
CBE to End Forex Repatriation Mechanism on December 4
The Central Bank of Egypt (CBE) decided on November 28 to terminate the foreign exchange repatriation mechanism, starting from December 4, for new portfolio investments
Egyptian Expats’ Remittances Grow 20.4% YoY in September: CBE
The Central Bank of Egypt (CBE) has announced that remittances from Egyptian expats, one of the country's main sources of foreign currency, jumped by 20.4% YoY in September to reach USD 1.8 bn, up from USD 1.5 bn ...
