First Independent Mena Newspaper
“The reserves will continue going up.” These are the words of the Governor Hisham Ramez to assure investors and restore confidence in Egypt’s economy. The country’s reserve has fallen by more than 50% since the departure of President Hosni Mubarak. Gulf States have pumped in billions to salvage the economy after the ousting of President […]
The Governor of the Egyptian central bank, Hisham Ramez, has said that they have converted $2,5billion into 18-month notes and there are ongoing plans to convert an extra $3 billion into three-year bonds. The monies were provided by Qatar as deposits to the bank as part of its efforts to help Egypt overcome its crisis […]