currency
Egyptian pound slips further on black market, official rate unchanged
Business
February 7, 2016
Egyptian pound slips further on black market, official rate unchanged
The Egyptian pound continued to weaken on the black market on Sunday, piling more pressure on the central bank to…
Egyptian pound steady at forex sale, stronger on black market
Business
February 2, 2016
Egyptian pound steady at forex sale, stronger on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but strengthened on the…
Egyptian pound steady at forex sale, weaker on black market
Business
January 21, 2016
Egyptian pound steady at forex sale, weaker on black market
Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Thursday, but the…
Sisi suggests expatriates donate US dollars to offset falling reserve: adviser
Egypt
December 9, 2015
Sisi suggests expatriates donate US dollars to offset falling reserve: adviser
President Abdel Fattah al-Sisi has suggested that Egyptian expatriates make a financial contribution to help their country cope with eroding foreign…
Sudanese Embassy in Cairo complains of abuse against its nationals
Egypt
November 19, 2015
Sudanese Embassy in Cairo complains of abuse against its nationals
The Sudanese Embassy in Cairo submitted Wednesday a memorandum to the Egyptian Foreign Ministry to protest abuses by the police…
Egypt’s bonds slip as economy remains shaky
Business
October 29, 2015
Egypt’s bonds slip as economy remains shaky
Egypt's bonds have been sliding hard and fast and the cost of insuring them against default has risen to levels…
Govt still in limbo over foreign reserves
Business
October 6, 2015
Govt still in limbo over foreign reserves
The government is still in a state of confusion as a foreign currency crisis bites harder, with the Central Bank…
Egyptian pound at risk since yuan’s depreciation
Business
August 22, 2015
Egyptian pound at risk since yuan’s depreciation
The Egyptian pound is one of several currencies to suffer from China’s depreciation of its yuan on August 11, Bloomberg…
China devaluation hits stocks, dollar gains on currency war fears
World
August 11, 2015
China devaluation hits stocks, dollar gains on currency war fears
China's 2 percent devaluation of the yuan on Tuesday pushed the US dollar higher and hit Wall Street and other…
France hails ‘quality’ work on latest Greek debt proposals
World
June 22, 2015
France hails ‘quality’ work on latest Greek debt proposals
France's finance minister on Monday hailed the "quality" work around Athens' latest proposals to end Greece's debt crisis, hours before…