Egypt says foreign currency reserves dropped to $18.59bnNovember 7, 2013 - 16:04 AMT PanARMENIAN.Net - Egypt's central bank says the country's foreign currency reserves dropped slightly, to $18.59 billion at the end of October. The announcement was reported on the central bank's official website on Thursday, Nov 7, according to the Associated Press. The level represents a slight drop from July, when foreign reserves reached $18.8 billion — their highest level in almost two years. That increase came after Saudi Arabia, the United Arab Emirates and Kuwait pledged a total of $12 billion dollars in aid to Egypt following the popularly-backed July 3 coup that ousted the country's Islamist President Mohammed Morsi. The three Gulf countries had been at odds with Morsi and his Muslim Brotherhood group. Still, Egypt's military-backed interim government faces increasing unemployment, widespread poverty and a burdensome and ill-distributed subsidy system. Related links: Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | U.S. believes peace is “possible” in South Caucasus The United States continues to believe that peace is possible in the South Caucasus, Vedant Patel said. Government reveals details from Pashinyan’s meeting in border village Prime Minister Nikol Pashinyan has met with a group of residents of a border village in Armenia’s northern Tavush province Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. |