Dollars

Exclusive: Saudi Arabia threatens to ditch dollar oil trades to stop ‘NOPEC’ – sources
Middle East

Exclusive: Saudi Arabia threatens to ditch dollar oil trades to stop ‘NOPEC’ – sources

LONDON/DUBAI (Reuters) – Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes…
Remittances from Egyptian expats up 40 pct from same period last year: CBE
Economy

Remittances from Egyptian expats up 40 pct from same period last year: CBE

Remittances from Egyptian expats were reportedly 40 percent higher in August than in the same month last year, registering $1.7…
US dollar exchange rate stable during Sunday trading
Economy

US dollar exchange rate stable during Sunday trading

The US dollar exchange rate has been stable during Sunday trading. The purchasing rate at the National Bank of Egypt and Banque…
Egypt cbank injects dollars into banks in special measure to ease shortage
Business

Egypt cbank injects dollars into banks in special measure to ease shortage

Egypt's central bank injected more foreign currency liquidity into the banking system in a surprise operation on Sunday, bankers said,…
Egypt govt working with cbank to ease currency pressures: PM
Egypt

Egypt govt working with cbank to ease currency pressures: PM

Egypt's government is working with the central bank to ease downward pressure on the currency by trying to boost exports…
UPDATE: Egyptian pound steady at auction, weaker on parallel market
Business

UPDATE: Egyptian pound steady at auction, weaker on parallel market

Egypt's central bank kept the pound steady at LE7.7301 to the dollar at its official foreign currency auction on Tuesday,…
Egypt’s fight against currency black market a double-edged weapon
Business

Egypt’s fight against currency black market a double-edged weapon

Egypt’s efforts to combat illegal currency exchanges, besides succeeding largely in curtailing the shadowy dollar trade, has negatively impacted businesses…
Dollar rises on rate hike talk, stocks hurt by China fears
Business

Dollar rises on rate hike talk, stocks hurt by China fears

An uptick in US economic growth increased expectations the Federal Reserve will hike US interest rates by the end of…
Egyptian pound steady at official auction and on black market
Business

Egyptian pound steady at official auction and on black market

Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Tuesday, while…
Egyptian pound steady at official auction, stronger on black market
Business

Egyptian pound steady at official auction, stronger on black market

Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Thursday, while…
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