Dr. Ahmed Zikrallah* Despite the economic measures taken by the Egyptian government to support the domestic and foreign investment climate – most notably the issuance of new laws to regulate investment, companies, capital market, and [ More … ]
Egypt has finally secured the $12 billion loan from the International Monetary Fund This week, the IMF approved a three-year $12 billion (11.16 billion euros) bailout program aimed at reviving Egypt’s struggling economy. The Egyptian [ More … ]
BY: Abdel-Hafez Al-Sawi* The Foreign exchange reserve in any country has a specific function, namely, to face the fluctuations in the state’s trading with world countries, and to secure its needs so that its economic [ More … ]
Egypt’s currency crisis is escalating as its national currency continues to decline against the dollar in the parallel market, amid growing signs of a currency devaluation, with the government talking about painful necessary economic reforms, [ More … ]
As the Egyptian economy struggles, small and big businessmen will turn to underground traders to fulfill the hard currency shortage and their foreign exchange needs, as reported by Wall Street Journal. The Wall Street Journal [ More … ]
The 33 pct year-on-year fall reduces the deficit to $2.86B in May from $4.27B a year earlier Turkey’s current account deficit was down by one-third in May, the Turkish Central Bank said Thursday, according to [ More … ]
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