foreign currency

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…
Ramez failed
Opinion

Ramez failed

Ramez, the Governor of the Central Bank, has failed to provide foreign currency, although he knows very well that everyone…
Steel factories may halt operations over dollar shortage
Business

Steel factories may halt operations over dollar shortage

Several steel manufacturers have revealed that they might stop their productions within the next few days, citing bank’s inability to…
Govt considers borrowing in foreign currency
Business

Govt considers borrowing in foreign currency

Prime Minister Ibrahim Mehleb has said the government is considering the issuance of investment certificates or bonds in US dollars…
Sources: Egypt probes blast near Suez Canal, shipping unaffected
Egypt

Sources: Egypt probes blast near Suez Canal, shipping unaffected

Egyptian security forces are investigating reports of an explosion near the Suez Canal on Tuesday, security officials said. An official…
Egyptian military patrols Suez Canal, shipping normal: sources
Egypt

Egyptian military patrols Suez Canal, shipping normal: sources

Egyptian military aircraft patrolled the Suez Canal on Friday to ensure shipping was not disrupted during a day of rallies…
Suez Canal May revenues up 1% year-on-year
Business

Suez Canal May revenues up 1% year-on-year

Revenues from Egypt's Suez Canal rose 1 percent in May from a year earlier to $438.1 million, the State Information…
Wheat imports to fall 8-10 pct in 2013
Business

Wheat imports to fall 8-10 pct in 2013

Officials plan to cut state wheat imports this year by around 10 percent, with the world's largest grain importer relying…
Suez Canal revenue drops 7.4 pct in Feb vs Jan
Business

Suez Canal revenue drops 7.4 pct in Feb vs Jan

Revenue from the Suez Canal fell to US$375.3 million in February, down 7.4 percent on the previous month and down…
Central Bank: Foreign reserves continue to fall, but at a slower pace
Egypt

Central Bank: Foreign reserves continue to fall, but at a slower pace

Egypt’s foreign reserves dropped slightly to US$13.5 billion in late February, down from $13.6 billion late January, Central Bank of…
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