You have not yet added any article to your bookmarks!
Join 10k+ people to get notified about new posts, news and tips.
Do not worry we don't spam!
Post by : Badri Ariffin
Cairo — Egypt has reached a significant financial milestone as its net foreign reserves climbed past the US$50 billion mark for the first time. According to new data from the Central Bank of Egypt (CBE), reserves rose by US$538 million in October, reaching US$50.071 billion, up from US$49.533 billion in September.
This growth highlights the continued recovery of Egypt’s economy amid global financial pressures. The steady rise in reserves strengthens the country’s ability to secure essential imports, stabilize the local currency, and boost investor confidence.
The increase also reflects Egypt’s ongoing efforts to diversify its foreign exchange sources, including tourism revenues, remittances, and foreign investments. Analysts view the milestone as a positive signal of financial resilience, especially following a period of global economic volatility.
With reserves now at their highest level on record, Egypt is better positioned to navigate external challenges and maintain macroeconomic stability going forward.
Japan stocks fall as global tensions weigh
Nikkei drops as US Iran tensions and cautious sentiment offset strong global tech earnings driven by
Oman marks Jazz Day with grand music evening
Oman hosts a musical evening for International Jazz Day to promote local talent and strengthen cultu
Tokyo hammer attack sparks police manhunt
A suspect injures teens and police officers in Tokyo with a hammer before fleeing, triggering a city
Massive Fire Breaks Out in Ghaziabad Tower
A major fire in a Ghaziabad residential tower triggered panic as firefighters rushed to rescue resid
Indonesia Court Indicts Officers in Acid Attack
Military court charges officers in activist acid attack case, raising questions on accountability, j
Dubai Aerospace Enterprise Sees Solid Growth in Q1 2026
DAE announces impressive Q1 2026 results, showcasing record revenue and a significant $7B aircraft a
