dollar

Egypt central bank says clears $547.2 mn backlog owed to foreign investors
Business

Egypt central bank says clears $547.2 mn backlog owed to foreign investors

Egypt's central bank said on Tuesday it had repaid foreign investors in stocks and securities a total of $546 million,…
Dollar dips in Asia as stock markets extend gains
Business

Dollar dips in Asia as stock markets extend gains

The dollar sank against emerging market currencies and the yen in Asia Friday after seeing sharp losses on Wall Street…
Asian stocks, dollar retreat on weak Chinese manufacturing data
Business

Asian stocks, dollar retreat on weak Chinese manufacturing data

Asian stocks dipped in early trade on Monday, while the dollar retreated against most regional currencies as a weak reading…
One person cannot cause the economy to collapse: Al-Borai
Egypt

One person cannot cause the economy to collapse: Al-Borai

Human rights activist Negad al-Borai tweeted on Friday that people should not believe that one person alone could cause the…
Rising dollar exchange rate sparks fears in price hike
Business

Rising dollar exchange rate sparks fears in price hike

Ahmed Shiha of the Cairo Chamber of Importers, is expecting commodity prices to rise by at least 10 percent due…
Stocks at two-month highs, dollar up; oil down for week
Business

Stocks at two-month highs, dollar up; oil down for week

Stocks in major world markets rose to a two-month high on Friday and the dollar ticked up, boosted by views…
Asian shares extend October rally; dollar slips
Business

Asian shares extend October rally; dollar slips

Asian shares rose on Monday, extending an October rally, as investors hunted for bargains in industrials and basic materials, fuelled…
Former EGX chief: CBE policies could yield negative results
Business

Former EGX chief: CBE policies could yield negative results

A former head of Egypt’s stock market has warned that measures by the Central Bank of Egypt to control the…
Industry federation backs CBE decision on dollar surge
Business

Industry federation backs CBE decision on dollar surge

Egypt’s industry federation has voiced support for the central bank’s decision to raise US dollar exchange rates against the Egyptian…
CBE governor: Law bans Egyptian public sector companies from dealing in US dollars
Egypt

CBE governor: Law bans Egyptian public sector companies from dealing in US dollars

Governor of the Central Bank, Hesham Ramez stressed that the law completely prohibits the Egyptian public sector companies from dealing…
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