black market
In Canada, pot legalization poses health and safety challenges
World
October 15, 2018
In Canada, pot legalization poses health and safety challenges
Canada will end its pot prohibition Wednesday with the goals of curbing the black market and use by youth,…
Four Egyptians arrested in Kuwait for selling $7 mn on the black market
Egypt
January 26, 2018
Four Egyptians arrested in Kuwait for selling $7 mn on the black market
Kuwaiti newspaper Al-Rai reported on Friday that four Egyptians have been arrested by Kuwaiti police for possession of $7 million,…
Govt increases price of subsidized sugar to LE7
Egypt
November 2, 2016
Govt increases price of subsidized sugar to LE7
The price of subsidized sugar has been increased to LE7 per kilo, with the new price applied to subsidy cards…
Egyptian pound recovers LE2 against US dollar on black market
Business
November 2, 2016
Egyptian pound recovers LE2 against US dollar on black market
The Egyptian pound rose by LE2 against the US dollar on the black market on Tuesday, apparently strengthened by a…
Citizens mob vehicles selling subsidized foodstuffs at discounted prices
Business
October 14, 2016
Citizens mob vehicles selling subsidized foodstuffs at discounted prices
Thousands of people in the city of Matariyya, in Daqahlia governorate, crowded around vehicles selling subsidized foodstuffs and gas cylinders…
Sugar shortage continues as prices reach LE10 per kilo
Business
October 11, 2016
Sugar shortage continues as prices reach LE10 per kilo
The sugar shortage crisis continues to mount in many governorates, with the price per kilo reaching LE10.The armed forces has…
Egyptian pound devaluation, partial floatation expected this week
Business
October 3, 2016
Egyptian pound devaluation, partial floatation expected this week
The Egyptian pound could be devalued this week, ahead of a national holiday commemmorating the 6th October War, according to…
Governorates report butane shortage ahead of Eid al-Adha
Egypt
September 6, 2016
Governorates report butane shortage ahead of Eid al-Adha
The governorates of Minya and Sharqiya were hit by a shortage of butane gas cylinders on Monday, with prices doubling…
Egypt’s dollar black market resilient despite new threat of jail terms
Business
August 17, 2016
Egypt’s dollar black market resilient despite new threat of jail terms
Desperate to elude roving financial police and fearful of new jail terms for black-market money-changing, Egypt's currency traders are driving…
Analysts expect further ‘dollarization’ after sharp declines in Egyptian currency
Business
February 19, 2016
Analysts expect further ‘dollarization’ after sharp declines in Egyptian currency
Analysts and bankers expect an increase in Egyptians' demands to convert Egyptian pounds to US dollars, a phenomenon known as…