As Egypt continues to bolster foreign reserves and prepare for about $14 billion of foreign debt repayments in 2018, the central bank governor said that Egypt signed an expanded $3.2 billion financing deal with foreign banks, according [ More … ]
This month, Egypt celebrated the 60th. anniversary of the Suez Canal. In fact, the anniversary offered Abdel Fattah al-Sisi “a ready-made opportunity to bask in the reflected light of Nasser’s – and Egypt’s – historic [ More … ]
The Central Bank of Egypt said that the foreign-currency reserves dropped in a great amount reaching $15.537 bn in the end of July after it was $17.546bn at the end of June. The drop in Egypt’s [ More … ]
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