Egypt’s Minister of Finance Mohamed Maait said on Monday in an interview with CNBC that his country …
Tag:
egypt’s foreign currency crisis
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Banks
CIB Bank limits use of bank cards abroad as Egypt FX shortage bites
by Yomna Yasserby Yomna YasserEgypt’s largest private bank, Commercial International Bank (CIB), informed customers on Wednesday it was reducing the amount …
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Banks
Egypt signs $500 million Afreximbank facility agreement to ease FX shortage
by Yomna Yasserby Yomna YasserThe African Export-Import Bank (Afreximbank) and the Central Bank of Egypt (CBE) signed in Cairo signed Friday …
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Egypt News
Egypt struggles to pay for oil, LNG supplies amid foreign currency crisis
by Yomna Yasserby Yomna YasserEgypt is struggling to pay for U.S. dollar-priced oil product and liquefied natural gas (LNG) imports, cancelling purchases, …
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EGX
MSCI: No Decision Currently Taken To Downgrade Egypt, Yet ‘Closely’ Monitored
by Yomna Yasserby Yomna YasserTalks are underway between the Egyptian Exchange (EGX) management and leading equity index provider MSCI over the …