dollar
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…
In Egypt, medicines disappear from shelves as dollar crisis bites
Egypt
February 11, 2016
In Egypt, medicines disappear from shelves as dollar crisis bites
Nahed Ibrahim has scoured Egypt in vain to find a regular supply of medication to help her mother to recover…
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…
Egypt raises cap on FX deposits for food, capital machinery, manufacturing components, medicine
Business
January 26, 2016
Egypt raises cap on FX deposits for food, capital machinery, manufacturing components, medicine
Egypt's central bank raised the cap on foreign currency deposits to US$250,000 a month for importing food, capital machinery, manufacturing…
Egyptian pound steady at forex sale, strengthened on black market
Business
January 24, 2016
Egyptian pound steady at forex sale, strengthened on black market
Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Sunday but the…
Meat producers plea for release of imports stranded at seaports
Business
January 24, 2016
Meat producers plea for release of imports stranded at seaports
Four meat importing companies have sent a memo to Agriculture Minister Essam Fayed urging him to facilitate the release of…
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…
International reserve at US$16,455 in December: CBE
Business
January 5, 2016
International reserve at US$16,455 in December: CBE
Egypt’s net international reserves stood at US$16,455 in December, the Central Bank of Egypt said on Tuesday. The current reserve is…