Tuesday 23 December 2014
 
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Foreign reserves

Egypt's foreign reserves top $16bn in Oct

Egypt's foreign reserves rose to $16.909 billion at the end of October from $16.872 billion the previous month, the central bank said on Thursday. Foreign reserves fell sharply after the 2011 uprising that ousted President Hos

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Lebanon plans $1 billion economic stimulus for 2015

Lebanon is planning a $1 billion economic stimulus package for 2015 to maintain growth and support an economy which has been hit by a three-year conflict in neighbouring Syria, the central bank governor said. Riad Salameh said he

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Egypt foreign reserves top $16bn end-July

Egypt's foreign reserves rose to $16.736 billion at the end of July from $16.687 billion in June, the central bank said on Thursday. Reserves fell sharply after a 2011 uprising that ousted President Hosni Mubarak but rose last

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Concern as Egypt forex reserves fall below $15bn

  Egypt's foreign reserves fell below $15 billion in January, a level the government says will cover just three months of imports, after being run down to try and defend the Egyptian pound.

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Egypt foreign reserves barely changed in Dec

Egypt foreign reserves edged down to $15.015 billion at end of December from $15.036 billion at the end of November despite a currency crisis, the central bank said on Sunday. The central bank implemented a new regime for buying a

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Egypt launches currency auction system

Egypt's central bank introduced a new auction system for buying and selling US dollars to help conserve foreign reserves, which it said had reached a critical level. Political turmoil over the last month has prompted a rush by

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Egypt foreign reserves fall by $84m in Sept

Egypt's foreign reserves fell by $84 million in September but held above $15 billion for a third straight month after foreign donors began fulfilling promises of aid to the country's troubled economy. Net international res

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Egypt foreign reserves see 1st gain since 2010

Egypt's foreign reserves rose slightly last month, central bank data showed on Sunday, their first gain since a popular uprising unseated the country's autocratic leader and sent the economy into a tailspin. The central bank has spent heav

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Egypt's foreign reserves seen plunging

Egypt's foreign reserves will plunge by a third to $15 billion by the end of January and the budget deficit will grow, possibly leading to a review of sensitive subsidies, an army official said. Reserves have tumbled since the uprising tha

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Egypt reserves slip; analysts say worst over

Egypt's net foreign reserves slipped to $25.71 billion in July but economists said there was a slowdown in the rate of the decline which may now suggest the worst of the capital flight since the uprising to topple Hosni Mubarak was over. F

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