Egypt’s net foreign assets (NFAs) increased by $1.48 billion in February, marking the second monthly rise this year following ...

Egypt will allow a sharp devaluation of its currency in the first half of this year as it has run out of options in the midst of an escalating foreign currency shortage crisis that has slowed ...

CAIRO, April 3 (Xinhua) -- Egypt received a 1.2-billion-U.S.-dollar loan tranche from the International Monetary Fund (IMF) on Thursday, the government said, following the fund's approval of the ...

“At the same time, devaluation will have a limited effect ... attempting to "eradicate" Egypt's currency black market, according to the bank’s governor Tarek Amer. “The combination of ...

The devaluation of the pound was one of the ... As for what a devalued currency means for Egypt, Jason Tuvey, Middle East economist at Capital Economics wrote that, "in the short term, the ...

Despite stubborn inflation, currency devaluation, the growing cost of raw materials and a series of wage increases over the past two years, manufacturers in Egypt told Sourcing Journal that the ...

This month-and-a-half-long campaign promotes Egypt’s tourism experiences, encouraging Arab travelers to visit Egypt during ...

Egypt is set to hike spending by 18% next fiscal year, partly to extend support for the most vulnerable as the North African ...

Egypt's headline inflation reached 33.7 percent ... Economists expected the immediate $15bn cash inflow from the deal to facilitate currency devaluation and the subsequent agreement with the ...

Egypt's economy has faced a series of challenges, including soaring inflation rates and currency devaluation, but through strategic partnerships like its BRICS+ membership, the country is ...

Egypt negotiated the IMF deal following an acute currency crisis and after the war in Gaza ate into tourism and Suez Canal revenues. Canal fees, a main source of foreign currency, plunged to $931 ...