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Nasr City Cairo

Egypt

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Nasr City Cairo

Egypt

Telephone: 16222

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International reserves jump to $34.66 billion in May 2023, CBE

Egypt’s net foreign assets (NFAs) deficit jumped to LE 755.68 billion in March 2023, according to a previous report.

Egypt faces an increasingly tough task raising cash for foreign debt repayments after external borrowing quadrupled over the past eight years.

The Federation’s Board of Directors has 13 members representing all activities operating in the stock market.

The memo aims at providing suitable and sustainable job opportunities via the development and boosting of the sector of SMEs.

Egypt will not take out new loans unless they are on soft terms and only for compelling developmental needs, Minister of Planning said.

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Seamless North Africa 17.07.2023

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