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FINANCIAL NEWS
Egypt’s foreign exchange reserves grow at USD 510mn
04 Jun 2016
(MENAFN) Egypt proclaimed that foreign reserves grew by USD 510mn through May, to record the 8th monthly consecutive rise.
Accordingly, the foreign exchange reserves increased to USD 17.520bn in May, compared to USD 17.01bn in April.
However, the country did not expose the reasons for the increase in foreign reserves.
On the other hand, Egypt awaits the receipt of liquidity estimated at USD 0.51mn from the UAE and Saudi Arabia.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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