by Asharq Al-Awsat | Aug 5, 2013 | Business
Cairo, AP—Egypt’s central bank says the country’s foreign reserves stood at USD 18.8 billion at the end of July, a jump of nearly USD 4 billion from the previous month. The bank did not provide details on the influx of cash, but the sharp rise comes after...
by Asharq Al-Awsat | Jul 14, 2013 | Business
Cairo, Asharq Al-Awsat—Experts say that billions of dollars pledged by Gulf states to Egypt in recent days will help the recovery process of the country, which has recently teetered on the brink of bankruptcy. Saudi Arabia, the UAE and Kuwait, donated USD 12 billion...
by Mahmud El Shafey | Jul 10, 2013 | Business
London, Asharq Al-Awsat—The governments of Saudi Arabia and the United Arab Emirates offered over USD 8 billion in aid to Egypt on Tuesday, in the wake of the toppling of Egyptian president Mohamed Mursi. The move will decrease some of the pressure on Egypt’s foreign...
