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

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.

IMF Board Approves USD 2 bn Tranche to Egypt

The International Monetary Fund’s (IMF's) executive board completed on February 2 the fourth review of Egypt’s economic reform program, allowing the country to draw about USD 2 bn worth of loan, bringing the count ...

German Minister for Economic Affairs Visits Egypt to Review Country’s Progress

Germany's Federal Minister for Economic Affairs and Energy Peter Altmaier is visiting Egypt from February 2 to 4, accompanied with an economic and parliamentary delegation, attempting to scrutinize the progress ma ...

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 ...

Egypt to Receive 5th IMF Loan Tranche in January

The Egyptian president’s office announced on December 31 that the government will receive the fifth tranche of the USD 12 bn International Monetary Fund (IMF) loan program in January.

November Inflation Logs Biggest Drop Since 2015

Egypt's annual headline inflation rate declined in November, logging the steepest fall in three and a half years that has reversed an upward trend and recorded 15.7% from 17.7% in October, according to state stati ...

Egypt’s GDP Up to 5.3% in Q1 2018: Minister

Egypt’s Planning Minister Hala El-Saeed said that the country’s GDP jumped to 5.3% in Q1 2018, which began in July, compared to 5.2% in the prior-year period, amid the government's invested efforts to achieve comp ...

IMF Agrees on USD 2 bn Disbursement to Egypt

The International Monetary Fund (IMF) said on October 31 it had reached a staff-level agreement with Egypt to disburse another USD 2 bn in funds, bringing the total disbursements under the program to nearly USD 10 ...

Egypt Seeks 10% GDP Growth by FY 2029/30: Minister

Planning Minister Hala El-Saeed said on October 31 that the government is seeking to achieve a growth rate of 10% in the country's GDP by the end of FY 2029/30

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