Flash Opnion

MERKEL DEFEATS DWARFS

German Chancellor Angela Merkel secured a historic third win...

ARAB SPRING COUNTRIES ABOUT TO GET OUT FROM BOTTLE’S NECK

Things are now getting more clearer in the global...

Flash

Owing to recent developments in the Middle East and...

Satanic plans for Strategic purposes

International economic and political currents seem to be conflicting...

Bold Steps Are the Only Route to Recovery

by Ahmed Fouda Jim Yong, World Bank chair person said...

Adieu to a Prince who will continue to inspire and guide us

Ahmed Fouda: Prince Saud Al-Faisal, a veteran Arab and...

Greeks our Loyal Friends in Sickness and in Health

  Ahmed Fouda We have close loyal friends whom we always...

5 Tips to Getting a Good Night’s Sleep with Quality Rest

In our fast-paced world, achieving a restful night’s sleep...

Egypt is transforming Sinai into a natural extension of the Nile Valley

In March 2016 president Abdel Fattah El-Sisi said to...

The Drums of War bang in Riyadh

No one will win if the world goes into...

How bad is the Equifax cyber breach and is there a sustainable solution?

Sounds like this breach that started out from 2011...

Ahmed Fouda: An engraved story of success that speaks for itself

“MEO is dedicated to provide credible & sound analysis...

Sephora: Years of Succsses

By Alaa Magdy Sephora is a French brand of cosmetics;...

Court is in session!

One of the most vital approaches to end corruption...

Who will pay for cheaper vehicles?

The EU-Egypt Association Agreement will gradually reduce tariffs on...

New partners in trade

The Free Trade Agreement will open the doors of...

Services for the Holy Month of Ramadan

Dar Al-Ifta (Fatwa House) has set an integrated plan...

Must we spend more in Ramadan?

As the markets see its annual increase in food...

Electricity and metro on full alert during Ramadan

The Ministry of Electricity and Renewable Energy, Muhammad Shaker,...

Honouring Quraan reciters

The Ministry of Awqaf (Religious Endowments) organised last Sunday...

From yamish to vegetables

From the bank teller to the housewife is a...

The Ball is in Our Court

by Ahmed Fouda Now we are in the process of...

Lebanon and Greed

by Ahmed Fouda The sudden announcements of Lavrov , the...

Bold Steps Are the Only Route to Recovery

by Ahmed Fouda Jim Yong, World Bank chair person said...

MERKEL DEFEATS DWARFS

German Chancellor Angela Merkel secured a historic third win...

Sephora: Years of Succsses

By Alaa Magdy Sephora is a French brand of cosmetics;...

5 Tips to Getting a Good Night’s Sleep with Quality Rest

In our fast-paced world, achieving a restful night’s sleep...

Satanic plans for Strategic purposes

International economic and political currents seem to be conflicting...

How bad is the Equifax cyber breach and is there a sustainable solution?

Sounds like this breach that started out from 2011...

Flash

Owing to recent developments in the Middle East and...

Syria fodder for the superpowers

by Ahmed Fouda The current Syrian position is clear to...

The Ball is in Our Court

by Ahmed Fouda Now we are in the process of...

We refuse to have a fragile generation

by Ahmed Fouda UNICEF recently released a report stating that...

Transfering floating lighting to LED system

In response to the wish of workers in the...

Democracy war in Turkey Elections

By: Ahmed Fouda Elections war that took place in Turkey...

How bad is the Equifax cyber breach and is there a sustainable solution?

Sounds like this breach that started out from 2011...

The sun determined to shine on the land of the Pharaohs

by Ahmed Fouda It has become quite normal that ambitions...

Sephora: Years of Succsses

By Alaa Magdy Sephora is a French brand of cosmetics;...

Egypt is transforming Sinai into a natural extension of the Nile Valley

In March 2016 president Abdel Fattah El-Sisi said to...

Choose , Move, or Lose

by Ahmed Fouda Now is high time to get right...

Court is in session!

One of the most vital approaches to end corruption...

Ahmed Fouda: An engraved story of success that speaks for itself

“MEO is dedicated to provide credible & sound analysis...

Top Picks

Flash Opnion

MERKEL DEFEATS DWARFS

German Chancellor Angela Merkel secured a historic third win...

ARAB SPRING COUNTRIES ABOUT TO GET OUT FROM BOTTLE’S NECK

Things are now getting more clearer in the global...

Flash

Owing to recent developments in the Middle East and...

Satanic plans for Strategic purposes

International economic and political currents seem to be conflicting...

Bold Steps Are the Only Route to Recovery

by Ahmed Fouda Jim Yong, World Bank chair person said...

Adieu to a Prince who will continue to inspire and guide us

Ahmed Fouda: Prince Saud Al-Faisal, a veteran Arab and...

Greeks our Loyal Friends in Sickness and in Health

  Ahmed Fouda We have close loyal friends whom we always...

5 Tips to Getting a Good Night’s Sleep with Quality Rest

In our fast-paced world, achieving a restful night’s sleep...

Egypt is transforming Sinai into a natural extension of the Nile Valley

In March 2016 president Abdel Fattah El-Sisi said to...

The Drums of War bang in Riyadh

No one will win if the world goes into...

How bad is the Equifax cyber breach and is there a sustainable solution?

Sounds like this breach that started out from 2011...

Ahmed Fouda: An engraved story of success that speaks for itself

“MEO is dedicated to provide credible & sound analysis...

Sephora: Years of Succsses

By Alaa Magdy Sephora is a French brand of cosmetics;...

Court is in session!

One of the most vital approaches to end corruption...

Who will pay for cheaper vehicles?

The EU-Egypt Association Agreement will gradually reduce tariffs on...

New partners in trade

The Free Trade Agreement will open the doors of...

Services for the Holy Month of Ramadan

Dar Al-Ifta (Fatwa House) has set an integrated plan...

Must we spend more in Ramadan?

As the markets see its annual increase in food...

Electricity and metro on full alert during Ramadan

The Ministry of Electricity and Renewable Energy, Muhammad Shaker,...

Honouring Quraan reciters

The Ministry of Awqaf (Religious Endowments) organised last Sunday...

From yamish to vegetables

From the bank teller to the housewife is a...

Ahmed Fouda: An engraved story of success that speaks for itself

“MEO is dedicated to provide credible & sound analysis...

How bad is the Equifax cyber breach and is there a sustainable solution?

Sounds like this breach that started out from 2011...

Bold Steps Are the Only Route to Recovery

by Ahmed Fouda Jim Yong, World Bank chair person said...

Satanic plans for Strategic purposes

International economic and political currents seem to be conflicting...

Egypt is transforming Sinai into a natural extension of the Nile Valley

In March 2016 president Abdel Fattah El-Sisi said to...

Let us Hope it is for the best

by Ahmed Fouda It is basic general knowledge that any currency’s...

Sephora: Years of Succsses

By Alaa Magdy Sephora is a French brand of cosmetics;...

5 Tips to Getting a Good Night’s Sleep with Quality Rest

In our fast-paced world, achieving a restful night’s sleep...

Transfering floating lighting to LED system

In response to the wish of workers in the...

The Drums of War bang in Riyadh

No one will win if the world goes into...

Wheat Surplus and bread subsidy

by Ahmed Fouda I wish to stop at an announcement made...

Democracy war in Turkey Elections

By: Ahmed Fouda Elections war that took place in Turkey...

Satanic plans for Strategic purposes

International economic and political currents seem to be conflicting...

Lebanon and Greed

by Ahmed Fouda The sudden announcements of Lavrov , the...

How bad is the Equifax cyber breach and is there a sustainable solution?

Sounds like this breach that started out from 2011...

The sun determined to shine on the land of the Pharaohs

by Ahmed Fouda It has become quite normal that ambitions...

Sephora: Years of Succsses

By Alaa Magdy Sephora is a French brand of cosmetics;...

Egypt is transforming Sinai into a natural extension of the Nile Valley

In March 2016 president Abdel Fattah El-Sisi said to...

Choose , Move, or Lose

by Ahmed Fouda Now is high time to get right...

Court is in session!

One of the most vital approaches to end corruption...

Ahmed Fouda: An engraved story of success that speaks for itself

“MEO is dedicated to provide credible & sound analysis...

Top Picks

Subscribe to newsletter

Middle East Observer

Tuesday, January 7, 2025

Egypt’s Central Bank’s Foreign Assets Climb Amidst Economic Resilience

Must read

In a progressive display of economic resilience, the Central Bank of Egypt (CBE) reported a significant rise in its net foreign assets (NFA), reaching LE 520.121 billion by the end of October. This marks an increase from LE 505.074 billion at the end of September, as per the latest data released by the CBE. This growth highlights Egypt’s ongoing efforts to stabilize its economy and strengthen its financial position on the global stage.

In an unexpected turn earlier this year, the Egyptian banking sector achieved a remarkable milestone in May 2024 by recording a surplus in its NFA, which soared to LE 676.4 billion from a mere LE 174.385 billion in April. This achievement underscores a robust recovery trajectory, following strategic economic reforms and prudent monetary policies.

Specialists attribute this positive trend to several factors, including increased foreign investments and a resilient export sector. Dr. Ahmed Mansour, an economist at the Cairo Economic Research Institute, commented, “The rise in net foreign assets is a testament to Egypt’s improving economic fundamentals, despite global uncertainties.”

Net foreign assets are a crucial economic indicator, representing the balance between the assets that banks hold against non-residents and their liabilities to the same group. Essentially, this reflects the strength of foreign currency deposits and savings managed by the banks.

The Central Bank of Egypt’s Monetary Policy Committee, in its latest session, maintained the overnight deposit, lending rates, and the main operation rate at 27.25%, 28.25%, and 27.75%, respectively. The discount rate also remained steady at 27.75%. This decision aligns with the CBE’s strategy to curb inflation while fostering economic growth.

However, challenges remain. According to a report by the International Monetary Fund (IMF), emerging markets like Egypt must navigate the complexities of global financial volatility. The IMF’s report suggests that strategic management of foreign assets and liabilities is critical for sustained economic stability.

Looking forward, stakeholders in Egypt’s financial sector anticipate that continued fiscal discipline and targeted economic policies will further enhance the country’s economic resilience. As Egypt strengthens its position in the Middle East and North African region, the focus will likely remain on attracting more foreign direct investment and bolstering trade partnerships.

Sources within the CBE, who spoke on condition of anonymity, reveal ongoing discussions about potential future adjustments to monetary policies to further stimulate economic activity, an initiative that could reposition Egypt as a prime investment destination amidst the Middle East’s dynamic financial landscape.

Reports

- Advertisement -spot_img

Intresting articles