currency floatation
Prices of 18 car brands in Egypt drop by up to 23% since currency floatation
Business
April 26, 2024
Prices of 18 car brands in Egypt drop by up to 23% since currency floatation
For the first time in two years, prices of 18 car brands in the Egyptian market have dropped by up…
US dollar prices witness slight increase on Wednesday
Egypt
April 4, 2018
US dollar prices witness slight increase on Wednesday
US Dollar exchange rates against Egyptian Pound recorded a slight increase with average of LE17.56 during dealings on Wednesday. According to…
Egypt, IMF reach agreement on $2 billion loan disbursement
Egypt
November 10, 2017
Egypt, IMF reach agreement on $2 billion loan disbursement
Egypt has reached a staff-level agreement with the International Monetary Fund for an installment of about $2 billion more from…
Cost of electricity production doubled after currency flotation: sources
Egypt
May 9, 2017
Cost of electricity production doubled after currency flotation: sources
Officials in the Electricity Ministry said the average cost of electricity production doubled, from 46 piasters to more than 90…
US dollar exchange rate stable, hovering around LE18
Egypt
May 7, 2017
US dollar exchange rate stable, hovering around LE18
After a week of unstable prices, the US dollar exchange rate was stable during Sunday morning trading.According the latest updates, the…
US dollar at LE18.10 in Egypt banks
Business
March 22, 2017
US dollar at LE18.10 in Egypt banks
The US dollar exchange rate remained stable in banks on Wednesday, but still above LE18.The website of the National Bank…
Electricity Ministry plans new price increases: sources
Business
March 14, 2017
Electricity Ministry plans new price increases: sources
The Electricity Ministry is studying a number of scenarios for the new tariff being introduced to electricity prices, which will…
4 factors to decide future of the pound in short term: Pharos
Business
February 20, 2017
4 factors to decide future of the pound in short term: Pharos
Pharos Holding Investment Bank projected four factors to decide the future of the Egyptian pound exchange rate against the US…
Hermes projects US dollar’s exchange rate at LE14.5 pounds in few weeks
Business
February 20, 2017
Hermes projects US dollar’s exchange rate at LE14.5 pounds in few weeks
EFG-Hermes on Sunday projected the US dollar exchange rate to further decline to LE14.5 over the next few weeks. Ahmed Shams…
US dollar drops to new low of LE15.8 in Egypt’s banks
Egypt
February 19, 2017
US dollar drops to new low of LE15.8 in Egypt’s banks
The US dollar exchange rate continued its decline in banks on Sunday; the lowest rate found in banks was LE15.80…