dollar crisis

Egypt’s exchange bureaus investigated for hoarding dollars
Business

Egypt’s exchange bureaus investigated for hoarding dollars

Egypt's General Prosecution is investigating around 15 exchange bureaus after the central bank reported them for hoarding dollars and contributing…
Dollar crisis hits pharma industry, causing shortages, possible production halt
Business

Dollar crisis hits pharma industry, causing shortages, possible production halt

Egypt's pharmaceuticals industry is facing a serious shortage of raw materials, as well as serious financial difficulties, as a result…
Egyptian pound hits all-time low against the dollar on black market
Business

Egyptian pound hits all-time low against the dollar on black market

The value of the Egyptian pound relative to the US dollar hit rock bottom last week, with US$1 equaling LE10…
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