(2016-07-27) Egypt supply minister says 4% of locally bought wheat is missing Official Egyptian inspection committees have so far found that some 4 percent of 5 million tonnes of locally purchased wheat is missing from silos, Egypt's supply minister said on Tuesday.
Khaled Han...
(2016-07-27) Egypt says close to securing 3-year IMF loan programme Egypt said on Tuesday it was close to agreeing an International Monetary Fund (IMF) lending programme to ease its funding gap and restore market stability and was seeking to secure $7 billion annually...
(2016-07-26) Bets on Egypt Currency Devaluation Rise Britain isn’t the only country with a troubled pound.
The Egyptian pound fell Monday to its lowest-ever valuation on the unofficial black market amid increasing bets that a weaker economy will force ...
(2016-07-26) Egyptian factories to close due to dollar crisis: Nation’s Future Party Head of the industrial committee in the Nation’s Future Party Mohamed Garhi said that factories in Egypt are about to close due to the aggravating US dollar crisis.
Garhi added that the ongoing rise ...
(2016-07-25) Banks obtain $26.8 bln from CBE to finance importing commodities The banks operating in the local market obtained about $26.8bn from the Central Bank of Egypt (CBE) to finance the import of basic commodities from 30 December 2012 until 19 July 2016, according to a ...
