Foreign handouts do 'pay' after all: Egypt foreign reserves rise to $17.414 billion in March
Egypt’s foreign reserves rose to $17.414bn in March from $17.307bn in February, the Central Bank said on Monday.
Reserves fell sharply after a 2011 uprising that ousted President Hosni Mubarak but were lifted last year when Gulf Arab states gave billions of dollars in aid to the army after it deposed elected Islamist President Mohamed Morsi following protests against his rule.
- Excessive caution? Why 'perfectly legitimate' SME's are struggling to find financing in the UAE
- On the brink of recession: Israel's central bank has a tough decision to make on quantitative easing
- A forced conversion? Top Saudi bank pledges to become fully Islamic after criticism from scholars
- Enjoying the ride: ME regional banks on plane orders 'funding' boom
- The cost of delivery: how to financially prepare yourself for having a baby