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Aramco Denies Breach of its Systems

FILE - In this June 28, 2021 file photo, a Saudi Aramco engineer monitors the central control room of the Khurais oil field, 150 kilometers east-northeast of Riyadh, Saudi Arabia. (AP Photo/Amr Nabil, File)
FILE - In this June 28, 2021 file photo, a Saudi Aramco engineer monitors the central control room of the Khurais oil field, 150 kilometers east-northeast of Riyadh, Saudi Arabia. (AP Photo/Amr Nabil, File)
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Aramco Denies Breach of its Systems

FILE - In this June 28, 2021 file photo, a Saudi Aramco engineer monitors the central control room of the Khurais oil field, 150 kilometers east-northeast of Riyadh, Saudi Arabia. (AP Photo/Amr Nabil, File)
FILE - In this June 28, 2021 file photo, a Saudi Aramco engineer monitors the central control room of the Khurais oil field, 150 kilometers east-northeast of Riyadh, Saudi Arabia. (AP Photo/Amr Nabil, File)

Saudi Arabia’s state oil giant has denied a breach of its systems, saying “the company continues to maintain a robust cybersecurity posture.”

Saudi Aramco told The Associated Press on Wednesday that it “recently became aware of the indirect release of a limited amount of company data which was held by third-party contractors.”

“We confirm that the release of data was not due to a breach of our systems, has no impact on our operations and the company continues to maintain a robust cybersecurity posture,” Aramco said.

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Egypt's Net Foreign Assets Slid in October

A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)
A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)
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Egypt's Net Foreign Assets Slid in October

A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)
A general view shows Tahrir Square in Cairo, Egypt July 13, 2020. (Reuters)

Egypt's net foreign assets (NFAs) dropped by $1.12 billion in October after a rise in September, central bank data shows.

NFAs declined to the equivalent of $9.21 billion at the end of October from $10.33 billion at the end of September, according to Reuters calculations based on the official central bank currency rates. The decline followed a $591 million gain in September.

Egypt had been using NFAs, which include foreign assets at both the central bank and commercial banks, to help to prop up its currency since as long ago as September 2021.

NFAs turned negative in February 2022 and only returned to positive territory in May this year.

Foreign assets rose at the central bank in October but dipped at commercial banks while foreign liabilities climbed at both commercial banks and the central bank.