foreign currency
Egypt’s fight against currency black market a double-edged weapon
Business
September 29, 2015
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
September 28, 2015
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
February 19, 2015
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
February 16, 2015
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
July 30, 2013
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
July 26, 2013
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
June 13, 2013
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
April 2, 2013
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
March 29, 2013
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
March 4, 2013
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…