Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55309382
Caption:

An Egyptian vendor adjusts a price tag that identifies dates named after Egypt’s Defence Minister Abdelfatah al-Sissi that are sold for 30 Egyptian pounds (five dollars) behind dates (c-front) named after toppled president Mohamed Morsi that are sold for four Egyptian pounds (0.5 cents) at his shop in the working-class Saida Zeinab district in Cairo on the second day of the holy month of Ramadan July 11, 2013. (AFP PHOTO/MARWAN NAAMANI)

Egypt secures USD 12 billion in aid

by Sharif Yamani | Jul 11, 2013 | Business

Cairo, Asharq Al-Awsat—Kuwaiti officials announced an aid package to Egypt worth USD 4 billion yesterday, bringing up the total aid pledges secured so far to USD 12 billion following pledges from Saudi Arabia and the United Arab Emirates. The Kuwaiti aid package...

Media ID: 55304883
Caption:

File photo of people and vehicles are seen caught in a traffic jam in front of the Central Bank of Egypt’s headquarters in downtown Cairo. (Reuters/Amr Abdallah Dalsh)

Egypt’s foreign currency reserves hit USD 16 billion

by Sharif Yamani | Jun 7, 2013 | Business

Cairo, Asharq Al-Awsat—Egypt’s foreign currency reserves rose by USD 1.6 billion by the end of May, reaching USD 16.039 billion from USD 14.426 billion last April, the Central Bank of Egypt (CBE) has announced. The USD 3 billion deposited in the CBE last month by...