currency

Egyptian pound slips further on black market, official rate unchanged
Business

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

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

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

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

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

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

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

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

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

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…
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