money
Egypt’s headline inflation surges to 17.7% in October
Business
November 11, 2018
Egypt’s headline inflation surges to 17.7% in October
Egypt’s headline inflation continued to climb year-on-year in October, rising to 17.7 percent from 16 percent in September, official…
Egypt’s stock exchange increases by LE4.5 billion
Business
October 31, 2018
Egypt’s stock exchange increases by LE4.5 billion
Egypt’s stock exchange profits increased by LE 4.5 billion on Tuesday, closing in at LE747.6 billion thanks increase of…
Egypt looks to tap Asian debt markets under debt restructuring
Business
October 13, 2018
Egypt looks to tap Asian debt markets under debt restructuring
Egypt is considering issuing bonds in currencies other than the euro and the US dollar after launching a roadshow…
Times are a-changin’ in London where contactless is king
Business
September 5, 2018
Times are a-changin’ in London where contactless is king
For centuries, London has sustained a street-level economy where performers and vendors make a living from the spare change…
Dollar maintains prices against Egyptian Pound
Business
September 2, 2018
Dollar maintains prices against Egyptian Pound
The US Dollar exchange rate saw stable prices against Egyptian Pound in several Egyptian banks with average of LE17.80…
IMF hails Egypt progress in its economic reform program
Business
July 4, 2018
IMF hails Egypt progress in its economic reform program
In its third review, the International Monetary Fund (IMF) has praised the progress Egypt made in it’s economic reforms…
Six Egyptians on Forbes list for 2018 wealthiest billionaires
Business
March 8, 2018
Six Egyptians on Forbes list for 2018 wealthiest billionaires
Forbes magazine included in its 2018 list of the world’s richest billionaires six Egyptians, whose total combined wealth is valued…
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Business
January 17, 2018
Fitch Ratings raises Egypt’s financial outlook to ‘positive’
Fitch Ratings Inc., one of the three biggest credit rating agencies in the world, raised Egypt’s long-term Foreign-Currency Issuer Default…
Euro holds three-year highs as dollar weakens further
Business
January 15, 2018
Euro holds three-year highs as dollar weakens further
The euro held at three-year highs against the dollar on Monday after last week’s surge, its rise fueled by growing…
Egypt’s Dar al-Iftaa deems Bitcoin currency as forbidden in Islam
Egypt
January 1, 2018
Egypt’s Dar al-Iftaa deems Bitcoin currency as forbidden in Islam
Republican mufti Councellor Magdy Ashour issued a Fatwa (Islamic ruling) that deems the Bitcoin virtual currency as forbidden by…