May 20, 2022
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Homeforeign currency shortage

foreign currency shortage

Egypt Latest News

Another Blow To Egypt’s Tourism, KLM Dutch Airlines Suspended Flights To Cairo

September 16, 2016 Ahmed Rashed

KLM Royal Dutch Airlines announced a shocking news that it has decided to temporarily suspend flights to Cairo effective on 8 January 2017 as a result of “economic reasons”, said Al-Watan, an Egyptian independent newspaper. [ More … ]

Egypt Latest News

The IMF Reached A Preliminary Agreement With The Egyptian Government

August 11, 2016 Ahmed Rashed

Two government sources said that Egypt has reached a preliminary agreement with the International Monetary Fund after nearly two weeks of talks to secure a $12 billion (9.25 billion pounds) lending programme and will make [ More … ]

Egypt Latest News

The CBE Raises the Interest Rate to its Highest Level in a Decade

June 17, 2016 Ahmed Rashed

After a debatable meeting, the Central Bank of Egypt (CBE) decided to raise its benchmark interest rate to the highest level in at least a decade. The CBE decision aims to contain inflation and rise [ More … ]

Egypt Latest News

Inflation Rate in Egypt Reaches its Highest Levels in Seven Years

June 15, 2016 Ahmed Rashed

The Central Bank of Egypt (CBE) has reported that the inflation rate reached its highest level in seven years in May. Inflation is considered another challenge for policy makers trying to solve the shortage of [ More … ]

Latest

Egypt: Family of acquitted detainee ‘Waheed Hassan’ calls for his release

Egypt Latest News
May 20, 2022

Egypt: Concerns about direction of proposed dialogue, while Gov. promises to sell off state assets

Egypt Latest News
May 18, 2022

Egypt facing sharp rise in costs to finance $30 bln. deficit, report

Egypt Latest News
May 18, 2022

Lebanon: Early results show Hezbollah and allies suffering losses

Lebanon
May 16, 2022

Egypt: Renowned activist reportedly assaulted once again by prison officers

Egypt Latest News
May 15, 2022
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