dollar
US dollar exchange rate stable during Sunday trading
Economy
May 28, 2017
US dollar exchange rate stable during Sunday trading
The US dollar exchange rate has been stable during Sunday tradings. The purchasing rate at the National Bank of Egypt,…
Dollar holds above 6.5-month low, as Moody’s downgrades China
Economy
May 24, 2017
Dollar holds above 6.5-month low, as Moody’s downgrades China
The dollar on Wednesday held above 6.5-month lows hit in previous days, as comments from a senior Federal Reserve official…
Foreign exchange rates stable at Egypt banks Tuesday
Economy
May 16, 2017
Foreign exchange rates stable at Egypt banks Tuesday
The Governor of the Central Bank of Egypt, Tarek Amer, said that the situation has improved greatly since the flotation…
Euro hits 6-month high, Asia shares firm after French vote relief
Business
May 8, 2017
Euro hits 6-month high, Asia shares firm after French vote relief
The euro hit a six-month high against the dollar on Monday while Asian shares gained and U.S. stock futures briefly…
Stocks, oil, gold start 2017 on firm footing, US dollar resumes climb
Business
January 3, 2017
Stocks, oil, gold start 2017 on firm footing, US dollar resumes climb
Global markets marched confidently into 2017 on Tuesday, with Asian stocks extending gains after European shares surged to their highest…
US dollar exchange rate continues to decline
Business
November 14, 2016
US dollar exchange rate continues to decline
The US dollar exchange rate continued to decline compared to the Egyptian pound in major banks since the IMF announced…
Timeline: The Egyptian pound over the last five decades
Egypt
November 3, 2016
Timeline: The Egyptian pound over the last five decades
The Egyptian pound has embarked on a downward trend linked to the country’s economic conditions, reflecting its strength against foreign…
Barclays sells Egyptian business to Morocco’s Attijariwafa Bank
Business
October 5, 2016
Barclays sells Egyptian business to Morocco’s Attijariwafa Bank
Britain's Barclays has completed the sale of its Egyptian business to Morocco's Attijariwafa Bank as part of its shift towards focusing…
Banque Misr: dollar black market rate down to LE9
Business
March 13, 2016
Banque Misr: dollar black market rate down to LE9
The rate quoted for the US dollar among black market dealers has dropped to nearly LE9, down from a recently…
Egypt’s Suez Cement says profit transfers hit by currency crisis
Business
March 8, 2016
Egypt’s Suez Cement says profit transfers hit by currency crisis
Suez Cement, which is 55 percent owned by Italian firm Italicementi, is struggling to transfer shareholder profits out of Egypt…