Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Fertiliser costs from Iran war put African harvests at risk

    October 27, 2026

    BRICS lawmakers hold talks with Modi at New Delhi forum

    October 27, 2026

    Microsoft offers voluntary buyouts to about 60,000 employees

    October 27, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Fertiliser costs from Iran war put African harvests at risk
    • BRICS lawmakers hold talks with Modi at New Delhi forum
    • Microsoft offers voluntary buyouts to about 60,000 employees
    • Chervon names Joel Petersheim as Vice President, End User Research and Sales – OPE Commercial USA
    • Malaria kills 22 in Namibia’s Zambezi Region as cases rise
    • South Korea surplus tops Germany and Japan combined in Q2
    • DR Congo Ebola cases reach 9,765 as new clusters emerge
    • Modi and Tusk launch defence and counter-terrorism dialogues
    Bhutan News AgencyBhutan News Agency
    • Automotive

      Jaguar Type 01 electric GT debuts with 1,030 PS

      October 7, 2026

      Japan new car sales rise 1.8% in first half of 2026

      July 2, 2026

      Porsche reveals bespoke 911 GT3 RS in Macadamiametallic

      May 18, 2026

      Mercedes-Benz unveils electric C-Class in Seoul

      April 21, 2026

      2027 Mercedes-Benz S-Class adds DIGITAL LIGHT micro-LEDs

      January 30, 2026
    • Business

      Microsoft offers voluntary buyouts to about 60,000 employees

      October 27, 2026

      South Korea surplus tops Germany and Japan combined in Q2

      October 26, 2026

      Russia-Oman trade jumps 22-fold to $1.5 billion, Shoigu says

      October 23, 2026

      Japan posts 536.6 billion yen trade deficit in September

      October 23, 2026

      Korean exports double to $61.6 billion on chip shipments

      October 22, 2026
    • Entertainment

      Sony confirms God of War trilogy remake and PS5 prequel

      February 13, 2026

      Apple Arcade adds Jeopardy and NFL games in September update

      August 19, 2025

      Moscow hosts historic 47th international festival

      April 19, 2025

      Legal action against ‘Ketamine Queen,’ doctors in Perry overdose

      August 17, 2024

      Web3 leader Immutable rolls out $50M gaming rewards initiative

      April 27, 2024
    • Health

      Malaria kills 22 in Namibia’s Zambezi Region as cases rise

      October 26, 2026

      DR Congo Ebola cases reach 9,765 as new clusters emerge

      October 24, 2026

      Younger women face breast cancer risk in Africa, SGU warns

      October 22, 2026

      WHO sets global 24-hour target for emerging health threats

      October 13, 2026

      EU announces investment in health of almost €170 million

      October 10, 2026
    • Lifestyle

      JP Morgan funds Fresha with $31 million for AI and robotics growth

      August 23, 2024

      Adidas, Highsnobiety debut limited-edition sneakers

      January 6, 2024

      Unraveling Starbucks’ phenomenon as a worldwide coffee powerhouse

      September 1, 2023

      How Nike’s Kobe 8 Protro Halo Marks an Emotional Milestone

      August 29, 2023

      From labels to legacy – understanding fashion’s hierarchy

      August 21, 2023
    • Luxury

      Global luxury market contracts for first time since Great Recession

      November 18, 2024

      Uncover the allure of Rolex Deepsea – luxury awaits.

      April 10, 2024

      Beyond timekeeping to the prestige of the Rolex Day-Date

      March 2, 2024

      Rare uncut emerald dazzles at Sharjah show

      February 1, 2024

      Porsche and Frauscher launch the electric 850 Fantom Air

      October 17, 2023
    • News

      Fertiliser costs from Iran war put African harvests at risk

      October 27, 2026

      BRICS lawmakers hold talks with Modi at New Delhi forum

      October 27, 2026

      Modi and Tusk launch defence and counter-terrorism dialogues

      October 24, 2026

      Tibet earthquake leaves 16 dead and 339 homes collapsed

      October 23, 2026

      Sheikh Khaled begins official visit to Greece in Athens

      October 22, 2026
    • Sports

      Ballon d’Or 2026 shortlist sets stage for London awards

      September 9, 2026

      Messi ends Argentina career with 207 caps and 125 goals

      September 1, 2026

      FIA President meets with Hungarian PM and Czech President

      July 28, 2026

      Portugal fall to Spain as Ronaldo legacy closes

      July 7, 2026

      Brazil exits World Cup after Norway Round of 16 victory

      July 6, 2026
    • Technology

      Ultrasonic welding method doubles strength of metal joints

      October 21, 2026

      Samsung charts next-generation memory path for AI systems

      October 16, 2026

      Meta rolls out Muse Wonder models for agentic AI tasks

      October 13, 2026

      EU unveils EUCCS plan for secure emergency communications

      October 1, 2026

      AI gains wider role in China’s traditional medicine system

      October 1, 2026
    • Travel

      Türkiye aims to rank sixth in global tourism revenue

      October 21, 2026

      Air Arabia launches Sharjah flights to Amman City Airport

      October 9, 2026

      Air Arabia resumes daily Ras Al Khaimah Kozhikode service

      October 7, 2026

      flydubai showcases growing Syria network with daily flights

      September 29, 2026

      Emirates enters winter season with strong booking momentum

      September 15, 2026
    Bhutan News AgencyBhutan News Agency
    Home » Egypt foreign reserves rise to record $57.2 billion
    Business

    Egypt foreign reserves rise to record $57.2 billion

    September 8, 2026
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    CAIRO, EGYPT / RankWire.AI / – Egypt’s net international reserves reached a record $57.2145 billion at the end of August 2026. The Central Bank of Egypt reported the provisional figure on September 7. Reserves had stood at $56.2939 billion at the end of July. The monthly increase came to about $920.6 million, or 1.6%. The latest total marks the first time Egypt’s official reserve holdings have moved above $57 billion.

    Egypt foreign reserves rise to record $57.2 billion
    Egypt’s foreign reserve stock rose for an eighth straight month in August 2026.

    The August reading also extended a steady rise recorded throughout 2026. Egypt started the year with reserves of $52.5938 billion in January. The total increased to $52.7455 billion in February and $52.8306 billion in March. It then reached $53.0092 billion in April and $53.1342 billion in May. By August, reserves had risen about $4.62 billion from January and roughly $5.76 billion from the end of December 2025.

    Growth accelerated during the middle of the year. Reserves rose from $53.1342 billion in May to $55.0723 billion in June. They advanced again to $56.2939 billion in July before reaching the August record. Those three monthly gains added more than $4 billion to the reserve total. Compared with August 2025, the latest figure was about $7.96 billion higher. That equals annual growth of roughly 16.2%.

    Remittances add to foreign currency inflows

    Remittances from Egyptians working abroad also reached a record during the 2025/2026 fiscal year. The Central Bank of Egypt said those inflows totaled about $47.3 billion. That compared with roughly $36.5 billion in the previous fiscal year, an increase of 29.6%. June remittances alone reached about $4.2 billion. The monthly figure was 15.6% higher than the approximately $3.6 billion recorded in June 2025.

    Egypt’s latest balance of payments data cover the first nine months of fiscal year 2025/2026. The overall balance recorded a deficit of $1.8 billion during the July to March period. The capital and financial account posted net inflows of $9.9 billion. The current account registered a deficit of $14.6 billion. These figures provide the latest official picture of Egypt’s external accounts before the August reserve update.

    Monthly reserve records continue in 2026

    The reserve series has reached successive nominal highs during the year. Holdings crossed $55 billion in June and then moved above $56 billion in July. August brought the first reading above $57 billion. Egypt has now posted three consecutive month-end reserve totals above $55 billion. The August level also stands more than one-tenth above the $51.4516 billion recorded at the end of December 2025.

    The latest data place Egypt’s net international reserves at their highest reported level on record. They also extend an uninterrupted monthly increase since the start of 2026. From January through August, every monthly reading exceeded the previous month’s total. The August figure remains provisional under the central bank’s reporting format. Even so, the published data show a clear rise in Egypt’s reserve stock across the first eight months of the year.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Microsoft offers voluntary buyouts to about 60,000 employees

    October 27, 2026

    South Korea surplus tops Germany and Japan combined in Q2

    October 26, 2026

    Russia-Oman trade jumps 22-fold to $1.5 billion, Shoigu says

    October 23, 2026
    Latest News
    News

    Fertiliser costs from Iran war put African harvests at risk

    October 27, 2026

    – Rising fertiliser and fuel prices linked to the US-Israel war on Iran could cut harvests across Africa next year, a senior UN trade official has warned. Luz Maria de la Mora of UN Trade and Development (UNCTAD) told Al

    BRICS lawmakers hold talks with Modi at New Delhi forum

    October 27, 2026

    Microsoft offers voluntary buyouts to about 60,000 employees

    October 27, 2026

    Malaria kills 22 in Namibia’s Zambezi Region as cases rise

    October 26, 2026

    South Korea surplus tops Germany and Japan combined in Q2

    October 26, 2026

    DR Congo Ebola cases reach 9,765 as new clusters emerge

    October 24, 2026

    Modi and Tusk launch defence and counter-terrorism dialogues

    October 24, 2026
    © 2026 Bhutan News Agency | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.