Sunday 26 May 2019
 
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Foreign reserves

UAE banks' foreign reserves hit record $110bn

The net international reserves in the UAE banking sector hit an all-time high of Dh404.3 billion ($110 billion) by the end of November, up 23.1 per cent of Dh76 billion from Dh328.3 billion during the same month last year, a media report said.

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Egypt foreign reserves hit $36bn, highest since 2010

Egypt's foreign reserves reached $36.036 billion at the end of July, returning to pre-2011 levels for the first time since the 25th January uprising, the Central Bank of Egypt (CBE) announced on Tuesday. Foreign net reserves j

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Egypt's forex reserves sink to $15.5bn in July

Egypt's net foreign reserves fell sharply to $15.536 billion at the end of July, the central bank said on Sunday. Reserves stood at $17.546 billion at the end of June. Egypt had roughly $36 billion in reserves before an uprisi

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Iraq foreign reserves drop to $43bn

Iraq plans to finance its balance of payments deficit by drawing its foreign exchange reserves down to $43 billion in 2016 from $59 billion at the end of October, it said in an International Monetary Fund memo on Tuesday. The defi

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Saudi may issue government bonds this year

The Saudi Arabian government may resume issuing bonds this year, easing downward pressure on the country's foreign reserves caused by low oil prices, a senior International Monetary Fund official said after talks with Saudi officials.

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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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