currency crisis

KLM temporarily suspends flights to Cairo amid foreign currency crisis

KLM temporarily suspends flights to Cairo amid foreign currency crisis

KLM Royal Dutch Airlines decided to temporarily suspend flights to Cairo starting next January amid a lingering foreign currency crisis in Egypt

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Wednesday 14-09-2016 06:56 PM
REUTERS - Egypt struggles to pay for oil, LNG supplies amid foreign currency crisis

REUTERS - Egypt struggles to pay for oil, LNG supplies amid foreign currency crisis

Egypt is struggling to pay for U.S. dollar-priced oil product and liquefied natural gas (LNG) imports, cancelling purchases, and asking suppliers to extend payment terms amid an acute foreign currency crisis, industry sources said.

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Wednesday 23-12-2015 11:42 PM
REUTERS - Can Egypt's new central bank chief calm currency crisis?

REUTERS - Can Egypt's new central bank chief calm currency crisis?

When Egyptian central bank governor Hesham Ramez quit, phones began ringing as bankers congratulated each other on the departure of a man they say refused to change course even as Egypt careered from currency crisis toward trade crisis.

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Saturday 24-10-2015 01:35 PM
Egypt struggles to buy oil as currency crisis deepens

Egypt struggles to buy oil as currency crisis deepens

Egypt's currency crisis has intensified its oil supply troubles, as the weaker pound makes it more difficult for cash-strapped Cairo to buy vital crude for its refineries.

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Tuesday 08-01-2013 08:30 PM
IMF official in Egypt as currency crisis bites

IMF official in Egypt as currency crisis bites

A senior IMF official met Egypt's government on Monday for talks on a vital $4.8 billion loan as the Arab state battles to contain a currency crisis set off by political turmoil that is depleting its foreign reserves.

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Monday 07-01-2013 01:18 PM
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