Egypt: Cuts on Necessary Expenditures
The dwindling of Egypt’s foreign reserve is forcing the state to cut down on necessary expenditures. The foreign reserve fell by $105 million in February […]
Egypt
Egypt says IMF arriving soon
Egyptian Prime Minister Hisham Kandil said on Thursday that he expected an International Monetary Fund team to visit this month for talks on a loan […]
Egypt’s foreign currency reserves going down
Egypt is on the verge of running out of dollars as a run on its pound has left foreign currency in short supply and driven […]
Egypt: Qatar offers IPO package
Government officials from Qatar and Egypt are currently discussing the details of a $2.5bn Qatari aid package, by way of special IPO agreements in dollars. […]
Egypt gets Qatar’s billions before IMF
Qatar gave Egypt an economic lifeline by lending the country another $2 billion and given it an extra $500 million outright to help control its […]
Egypt auctions US dollars
As the Egyptian pound reaches 6.1858 to a dollar, its lowest in 8 years, the central bank is urging Egyptians to “ration” their foreign currency […]
Egypt: Cairo International Film Festival On Track Again
Cairo International Film Festival (CIFF) is being held this year although it was cancelled last year due to the violent demonstrations in Tahrir Square, close […]
Egypt: QNB is taking over Société Générale
Cairo’s bourse three week high journey was brought to an end after Société Générale decided to sell its stakes in Egypt’s National Société Générale Bank […]
Egypt: Markets react positively to announcement
The announcement by President Mohammed Morsi to backtrack on his controversial presidential decree which broadened his powers and led to the most popular protest during […]
Egypt: ADB investment and development loan
Egypt’s search for funding has been given another facelift as the African Development Bank (ADB) decides to help the country get over its troubles. The […]