January 29, 2023
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Homeforeign exchange

foreign exchange

Egypt Latest News

Egypt: What is behind the country’s economic slide? – FP

November 5, 2022 MEO Staff

While world leaders are heading to Sharm El-Sheikh to attend the UN COP27, “Cairo is turning to the IMF as its economy falters”, states FP in a report. “Egypt’s currency hit record lows against the [ More … ]

Egypt Latest News

Foreign Investment in Egypt: Reality and Challenges

May 27, 2018 MEO Staff

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 Latest News

Will Egypt Spend the IMF Loan on its Oil Imports?

November 18, 2016 Ahmed Rashed

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 … ]

Column

Reality of Egypt’s Foreign Exchange Reserve under the Military Coup

October 28, 2016 MEO Staff

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 Latest News

Egyptian Pound Continues to Decline in the Parallel Market

October 27, 2016 Ahmed Rashed

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 … ]

Egypt Latest News

Black Market Flourishes Despite the Authorities’ Strict Measures

August 31, 2016 Ahmed Rashed

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 … ]

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Turkey Latest News

Turkey’s Current Account Deficit Falls 1/3 in May

July 14, 2016 MEO Staff

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 … ]

Latest

‘To save Egypt’s economy, get the army out of it’: The Economist

Egypt Latest News
January 28, 2023

Egypt: Independent organizations submit a new human rights report to the UN

Egypt Latest News
January 27, 2023

West Bank: Israel kills nine Palestinians in a new ‘massacre’ in Jenin

Israel Latest News
January 26, 2023

Egypt: ‘Inflation is so high that eggs are a luxury’, says NYT

Egypt Latest News
January 25, 2023

Egypt: “Food price shocks and diets among poor households”, report

Egypt Latest News
January 24, 2023
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