flotation
US dollar price exceeds LE24 in Egypt
Economy
October 31, 2022
US dollar price exceeds LE24 in Egypt
The price of the US dollar rose on Sunday evening to reach its highest level in 2022 so far breaking…
Senior economist expects IMF loan to Egypt to be approved soon
Business
August 26, 2022
Senior economist expects IMF loan to Egypt to be approved soon
Economist and former Deputy Assistant Governor of the Central Bank of Egypt, Hani Geneina, expected that the International Monetary Fund…
Egypt’s net foreign reserves rise to US$45.457 bn in January
Business
February 7, 2020
Egypt’s net foreign reserves rise to US$45.457 bn in January
Egypt’s net foreign reserves rose to US$45.457 billion in January 2020 from $45.420 billion in December 2019, an increase of…
Company profits in Egypt surge to pre-pound flotation rates: Bloomberg
Business
November 29, 2019
Company profits in Egypt surge to pre-pound flotation rates: Bloomberg
Profits recorded by Egyptian companies have returned to pre-November 2016 rates, when the Egyptian pound was floated, according to a…
US dollar price in Egypt falls 145 piasters since 2019 start
Business
September 16, 2019
US dollar price in Egypt falls 145 piasters since 2019 start
US dollar prices continued its decrease in Egyptian banks on Monday, amid expectations of continued decline due to the increasing…
Positive IMF review paves way for $2 bn transfer to Egypt
Egypt
December 21, 2017
Positive IMF review paves way for $2 bn transfer to Egypt
The latest review by the International Monetary Fund has found that Egypt’s economic reforms are on track, paving the way…
Egyptian expats remittances record highest level in history: CBE
Business
December 20, 2017
Egyptian expats remittances record highest level in history: CBE
From November 2016 to November 2017, the total sum of remittances sent to Egypt from expats working abroad reached $24.2 billion,…
No alternative to increasing fuel prices
Economy
June 14, 2017
No alternative to increasing fuel prices
An official source from the Ministry of Petroleum confirmed that there is no alternative to increasing fuel prices, especially since the…
Saudi Aramco warned by lawyers on New York IPO litigation risks: FT
Business
June 5, 2017
Saudi Aramco warned by lawyers on New York IPO litigation risks: FT
The legal firm working on Saudi Aramco’s IPO-ARMO.SE flotation has advised the kingdom that a New York listing poses the…
Egypt’s external debt rises by 40.8%
Business
April 4, 2017
Egypt’s external debt rises by 40.8%
Egypt's total external debt rose by 40.8 percent year-on-year in the first half of the fiscal year 2016-2017, while domestic…