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Egypt

  • EghtesadOnline: Iran traded 298,616 tons of non-oil commodities worth $128.23 million with Egypt during the first four months of the current fiscal year (March 21-July 22).

  • EghtesadOnline: According to Egypt’s president, the country’s future is at stake. With its currency trading near a record low in the black market, reserves to cover just three months of imports and a widening current-account deficit, pressure is mounting on the most populous Arab state to devalue the pound to alleviate a dollar shortage that prompted officials to seek help from the International Monetary Fund.

  • EghtesadOnline: Egypt blocked a United Nations Security Council US-drafted statement condemning the military coup attempt in Turkey over the phrasing of a clause.