image description
image description
Tell A Friend

Archives


  • 07-03-23

    Egypt’s foreign reserves rise to exceed USD34bn last month

    (MENAFN) Egypt’s foreign reserves saw a rise of to reach an amount to USD34.35 billion by the closing of February this year, as indicated by the most recent figures from the Central Bank of Egypt.

    This number reflects a USD127.9 million rise in comparison with the USD 34.224 billion registered by the end of January this year.

    Foreign currencies in the African nation’s net global reserves involve the US dollar, Euro, Australian dollar, Japanese yen, as well as Chinese yuan.

    In an additional improvement, the chief of the Sovereign Fund of Egypt Ayman Soliman showed that the capcity of ongoing investment within the UAE-Egyptian platform reached an amount of USD 5 billion out of an overall of USD20 billion.

    “We currently have 11 companies that we will offer to strategic investors, a public offering, or both,” Soliman revealed to CNBC Arabia.

    “Within days, we will announce the awarding of investments in 7 hotels,” the head also stated.

    MENAFN07032023000045014228ID1105719198

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved