Egyptian pound
Obama advisor submits proposals for Egypt’s currency crisis
Business
March 9, 2016
Obama advisor submits proposals for Egypt’s currency crisis
Egypt’s central bank official Mohamed al-Erian has submitted a paper of proposals to “high-level” state bodies to resolve the current…
Sawiris eyes EU50 bn bank in Luxembourg
Business
March 8, 2016
Sawiris eyes EU50 bn bank in Luxembourg
Egyptian businessman Naguib Sawiris plans to invest 50 million euros (US$55 million) to set up a bank in Luxembourg specializing…
Egyptian pound steady at auction, weakens on black market
Business
March 3, 2016
Egyptian pound steady at auction, weakens on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Thursday but weakened significantly on…
Egypt addresses airline concerns on profit repatriation: c.bank source
Business
March 3, 2016
Egypt addresses airline concerns on profit repatriation: c.bank source
Egypt has addressed the concerns of airlines who have complained in recent weeks about their inability to repatriate earnings, a…
Egypt launches investment scheme to lure expat dollars
Business
February 29, 2016
Egypt launches investment scheme to lure expat dollars
Egypt launched a new scheme on Monday to encourage millions of Egyptians living abroad to pour their dollar savings into…
Egyptian pound steady at forex sale, stronger on black market
Business
February 28, 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 Sunday but was stronger on…
Egyptian pound steady at forex sale, weaker on black market
Business
February 23, 2016
Egyptian pound steady at forex sale, weaker on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened on the…
Egyptian pound steady at forex sale and black market
Business
February 21, 2016
Egyptian pound steady at forex sale and black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday and on the black…
Egypt signs US$500 mn facility agreement with Afreximbank to ease FX shortage
Business
February 20, 2016
Egypt signs US$500 mn facility agreement with Afreximbank to ease FX shortage
The African Export-Import Bank (Afreximbank) has agreed a US$500 million facility with the Central Bank of Egypt (CBE) to help…
Analysts expect further ‘dollarization’ after sharp declines in Egyptian currency
Business
February 19, 2016
Analysts expect further ‘dollarization’ after sharp declines in Egyptian currency
Analysts and bankers expect an increase in Egyptians' demands to convert Egyptian pounds to US dollars, a phenomenon known as…