by Heba El Koudsy | Oct 14, 2014 | Business
Washington DC, Asharq Al-Awsat—After the last few years of economic instability which Egypt has experienced—including an exodus of foreign money, rising inflation, unemployment and a ballooning public debt, among others—things are at last beginning to look on the up....
by Sharif Yamani | Jan 8, 2014 | Business
Cairo, Asharq Al-Awsat—The Central Bank of Egypt has eased restrictions on foreign currency transfers abroad, allowing individuals to make a one-time transfer of up to 100,000 US dollars this calendar year. In a letter circulated to Egyptian banks on Monday and posted...
by Asharq Al-Awsat | Dec 9, 2013 | Business
Cairo, AP—Egypt’s net foreign currency reserves fell by around 825 million US dollars in November, the country’s central bank reported on Sunday, the sharpest drop since a large injection of aid from Gulf countries five months ago. The Central Bank of...
