Egyptian pound

Egypt’s net foreign assets positive for third straight month in July

Egypt’s net foreign assets positive for third straight month in July

  • NFAs climbed to $13.27 billion Egyptian pounds at the end of July from $13.05 billion in June
  • Egypt had been using its NFAs to help prop up its currency since at least September 202
By Reuters ·

Egypt’s middle class faces hardship as austerity bites

Egypt’s middle class faces hardship as austerity bites

By ARWA GABALLA AND ALI ABDELATY | REUTERS ·