Egypt’s strategic vegetable oil reserves are enough to meet consumption needs for more than three months while …
Tag:
reserves
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Financial Institutions
IMF to upgrade Egypt’s economic growth forecast to 5.5% in FY2018/19
by Yomna Yasserby Yomna YasserThe International Monetary Fund (IMF) will raise its forecast for Egypt’s economic growth to 5.5 percent within …
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Industry & Trade
Exxon Mobil targets a foray into Egypt’s offshore oil and gas
by Yomna Yasserby Yomna YasserExxon Mobil is considering a foray into Egypt’s offshore oil and gas, seeking to replicate rivals’ success …
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Financial Institutions
Egypt’s debt hits 3.7 trillion pounds in 2017: minister
by Yomna Yasserby Yomna YasserEgypt’s Minister of Finance Amr El-Garhy said on Tuesday that the country’s internal and external debt totalled …
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Egypt’s foreign debt rose by 42 percent to $79 billion during the financial year 2016/2017, said Central …
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Industry & Trade
Egyptian currency float boosts foreign investment: chairman
by Yomna Yasserby Yomna YasserForeign investors have bought a net 11 billion Egyptian pounds ($615.90 million) worth of shares since the …
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forex news
HC expects fall in US dollar to hit 15.72 Egyptian pounds at end-FY2017/18
by Yomna Yasserby Yomna YasserHC Securities and Investment expected Tuesday that U.S. dollar’s exchange rate will drop to 15.72 Egyptian pounds …
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Egypt’s President Abdel Fattah al-Sisi announced that the country’s foreign reserves are now close to $35 billion. …
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Banks
Nonperforming loans drop by 5.7% in Egypt’s banks at end-March: CBE
by Yomna Yasserby Yomna YasserThe ratio of non-performing loans at banks operating in the Egyptian market fell to 5.7 percent of …
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Egypt’s consumption of various energy resources rose 4.7 percent to reach 91 million tonnes of oil equivalent …