CAIRO Nov 5 Egypt's foreign reserves rose by
$441 million in October after loans from Qatar and Turkey helped
shore up state funds weakened by almost two years of political
Net international reserves climbed to $15.48 billion at the
end of October from $15.04 billion at the end of September, the
central bank said on its website on Monday.
Reserves have plunged by more than half since the popular
uprising that began in January 2011 scared away tourists and
investors, two of the country's main sources of foreign
Egypt in October received $500 million from Qatar and
another $500 million from Turkey, state-run al-Gomhuria
newspaper said on Monday quoting an unnamed central bank
It was the second such payment from Qatar, which has
promised to deposit a total $2 billion with Egypt's central bank
by the end of the year.
Egypt drew $600 million from reserves during the month to
pay for petroleum imports and $100 million to repay foreign
loans, the newspaper quoted the official as saying.
(Reporting by Patrick Werr/Ruth Pitchford)