Hanan Mohamed

business reporter

Egypt’s external debt rises by $50B, with $350B spent on projects: CBE governor

Mon, Mar. 30, 2020

The foreign reserves have jumped by more than $30 billion, and the procedures implemented in the past years succeeded in increasing the bank balances abroad to reach $19 billion.

Egyptians withdraw LE 30B in 3 weeks: Central Bank governor

Mon, Mar. 30, 2020

“That’s why CBE decided to set a limit for deposits and cash withdrawals for a temporary period in banks' branches.”

EGX ends Monday on mixed note, market cap. loses LE 8.9B

Mon, Mar. 30, 2020

The benchmark EGX 30 dipped 2.45 percent, or 238.75 points, to close at 9,521.43 points.

Petroleum derivatives' prices to decline in April: Egypt’s Central Bank governor

Mon, Mar. 30, 2020

Amer indicated during a phone interview with a TV program that oil prices and the exchange of the dollar have recently fallen significantly at the global level.

Governor of Egypt’s Central Bank expects pound to rise against dollar

Mon, Mar. 30, 2020

CBE’s governor referred to global talks about how Egypt preceded the current conditions by controlling the economy.

Egyptian expats’ remittances hit $34B, exceeding Egypt’s Central Bank figures

Mon, Mar. 30, 2020

“Whenever we succeed in adding the informal economy to the formal sector, this reflects on the economy and enables the state to attract foreign direct investment,” CBE’s governor stressed.

Foreigners exit from Egypt’s bourse by $500M: CBE governor

Mon, Mar. 30, 2020

Amer added that CBE’s LE20 billion-support to EGX came as a result of these exits, which pushed the bourse upward in a time all global exchanges were losing.

Egypt injects LE 30B to expand int’l internet corridors entering its borders

Sun, Mar. 29, 2020

This to increase Egypt's capacities from the Internet by about 30 percent in 2020, Communication Minister Amr Talaat said Sunday.