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Thousands of importers have been caught out by the float, facing ballooning dollar debts after they had opened dollar credit-lines with banks. (AFP/Patrick Baz)

January 18th, 2017 - 09:00 GMT

Egypt to adjust customs dollar exchange rate to help struggling importers

Egypt's Finance Ministry fixed the customs exchange rate at 18.5 pounds per dollar until the end of February and said it will review the rate each month.

Austerity measures were inevitable with or without the IMF loan. (File photo)

August 14th, 2016 - 06:00 GMT

Egypt's $12B IMF loan: Long-term benefits disputed

The Central Bank of Egypt will hold an exceptional auction to help meet import needs. (Al Bawaba/File)

December 2nd, 2015 - 10:20 GMT

Central Bank of Egypt to add dollar liquidity

December 2nd, 2015 - 11:26 GMT

Egypt Central Bank repays $547.2M in arrears owed to foreign investors

Around 3,500 investors and financial institutions from 120 countries are expected to participate in the conference.CFH will promote four projects in the fields of transportation, real estate development, tourism, petrochemical and industry during the conference.

February 16th, 2015 - 06:21 GMT

Financing grand aspirations: three major investment banks take on Egypt's development projects ahead of Economic Summit

May 21st, 2014 - 08:20 GMT

Time for a Sisi-meter? Sisi declares his ambitions for the Egyptian economy

Investors saw the IMF loan as a lifeline for those looking to put their money into the Egyptian Stock Exchange

December 13th, 2012 - 11:30 GMT

Egypt's business community pessimistic over IMF delay

The cash is needed to help to bolster confidence in the economy and shore up the government's increasingly shaky finances

March 18th, 2012 - 08:13 GMT

Talks with IMF set on $3.2 billion loan for Egypt

In August, Egypt discovered a new gas source in its Western Sahara desert, which would produce about 12 million cubic feet of gas per day, the gas source would be ready for use in November

September 20th, 2011 - 02:10 GMT

Gas station owners in Egypt deny responsibility for supply shortage

Economic growth in Egypt may slow to 1.6 percent in the fiscal year that started this month as private investment falters

July 20th, 2011 - 09:04 GMT

Slowing growth may stoke unrest in Egypt

July 28th, 2010 - 10:39 GMT

Egypt: Oxford Business Group Launches New Country Report

February 15th, 2010 - 10:26 GMT