Economy

US dollar sees slight decline against Egypt pound Sunday

US dollar sees slight decline against Egypt pound Sunday

The US dollar exchange rate against the Egyptian pound slightly declined in Egypt’s banking sector on Sunday. According to the…
US dollar exchange rate rise on Wednesday

US dollar exchange rate rise on Wednesday

The US dollar exchange rate against the Egyptian pound currency slightly increased in Egypt’s banking sector on Wednesday. According to…
Dollar exchange rate sees slight increase on Sunday

Dollar exchange rate sees slight increase on Sunday

US dollar prices against the Egyptian pound increased in several Egyptian banks on Sunday. According to the latest price updates,…
Egypt’s central bank holds interest rates as expected

Egypt’s central bank holds interest rates as expected

Egypt’s central bank kept interest rates unchanged as expected on Thursday, concluding that further declines in inflation were needed to…
Egypt’s debt up to LE 3.7 trillion: finance minister

Egypt’s debt up to LE 3.7 trillion: finance minister

Egypt’s Minister of Finance Amr El-Garhy said on Tuesday that the country’s internal and external debt totalled LE 3.7 trillion…
Egypt’s central bank seen holding off cutting rates because of still-high inflation: Reuters poll

Egypt’s central bank seen holding off cutting rates because of still-high inflation: Reuters poll

With Egypt’s inflation still above 30 percent, the central bank is expected keep its key interest rates on hold in…
Egypt’s CIB to boost Tier 2 debt as it looks to African growth

Egypt’s CIB to boost Tier 2 debt as it looks to African growth

Egypt’s Commercial International Bank (CIB) plans to boost Tier 2 capital through dollar-denominated subordinated loans as it seeks to diversify…
Egypt court ruling to reinstate ergot ban in wheat imports: lawyer

Egypt court ruling to reinstate ergot ban in wheat imports: lawyer

An Egyptian court on Tuesday effectively reinstated a ban on wheat imports containing even trace levels of the common grain…
Egypt plans to reduce inflation to 13 percent by end of 2018: CBE Governor

Egypt plans to reduce inflation to 13 percent by end of 2018: CBE Governor

Tarek Amer, Governor of the Central Bank of Egypt (CBE), stated on Monday that the country is taking active measures…
OPEC sees tighter 2018 oil market as demand grows, supply falls

OPEC sees tighter 2018 oil market as demand grows, supply falls

OPEC on Monday forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was…
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