flotation

Egypt’s net foreign reserves rise to US$45.457 bn in January
Business

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

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

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

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

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

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

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

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…
Egyptian pound remains stable against US dollar
Business

Egyptian pound remains stable against US dollar

The Egyptian pound remained stable against the US dollar on Monday, selling between EGP 18.75-19.09 to the dollar in some banks.The Commercial…
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