Further growth in foreign assets is expected in March after the International Monetary Fund approved a $1.2 billion disbursement to Egypt, following the fourth review of its $8 billion economic ...

Among the landmark deals, the People's Bank of China (PBOC) and the Central Bank of Egypt signed a memorandum of understanding to deepen financial cooperation, which covers local-currency settlement, ...

China is a key partner in Egypt’s economic future,’ says Egyptian president as Chinese premier expresses readiness to expand ...

The Central Bank of Egypt (CBE) reported that the net foreign assets of the Egyptian banking sector recorded a surplus of $5.224bn (EGP 265.898bn) in Tuesday, 02 January 2024 12:17 GMT عربي ...

The deficit in Egypt's foreign assets deficit declined by nearly 3 percent - EGP 24.92 billion ($807.95 million) - on a monthly basis in July, as assets rose at a pace faster than the growth in ...

To attract foreign currency and boost local market competitiveness, authorities agreed back in 2022 to sell stakes in 32 state-owned businesses, including Telecom Egypt, luxury hotels in Cairo, ...

China and Egypt signed a memorandum of understanding (MoU) on Thursday to enhance bilateral financial collaboration, ...

Hassan El-Khatib, Minister of Investment and Foreign Trade, announced that the Egyptian government plans to double the assets and investments managed by The Sovereign Fund of Egypt (TSFE) to better ...

The CEO of Egypt's third-largest bank tells Al-Monitor why he is hopeful about the country's economic recovery.

Even so, drawing foreign currency from local banks is proving difficult as the net foreign-asset position dropped to a record negative USD 24.4bn at end-June 2023 (Figure 2). Tapping international ...

Exclusive: Egypt counts on foreign funds to buy gas as power crisis worsens By Marwa Rashad , Francesca Landini , Mohamed Ezz and Sarah El Safty September 2, 2024 1:12 PM UTC Updated September 2, 2024 ...