#Ras El Hekma

Egypt’s central bank committed to a flexible exchange rate

Egypt’s net foreign assets deficit contracts $586m in April

Egypt commercial banks’ foreign assets climbed by $606m in April while their liabilities rose by $653m

Egypt

UAE deal bolsters Egypt’s foreign reserves in March

Egypt received the initial $5bn payment from the UAE in its $24bn deal at Ras El Hekma peninsula west of Alexandria