money

US dollar rates decline against Egyptian pound
Business

US dollar rates decline against Egyptian pound

US dollar exchange rates have declined against the Egyptian pound on Monday morning compared to Sunday’s prices, at an average…
Egypt’s foreign currency reserves increase to US$44.218 bn: CBE
Business

Egypt’s foreign currency reserves increase to US$44.218 bn: CBE

The Central Bank of Egypt (CBE) announced that the country’s foreign currency reserves increased to US$44.218 billion at the end…
US dollar exchange rate continues to decline in Egypt
Business

US dollar exchange rate continues to decline in Egypt

The US dollar exchange rate continued its decline against the Egyptian pound on Wednesday morning for the third day in…
US dollar makes record decrease against Egyptian pound
Business

US dollar makes record decrease against Egyptian pound

The US dollar exchange rate witnessed a record decrease, the lowest in 2 years, on Monday against the Egyptian pound,…
Brexit deal legal advice sends pound tumbling
World

Brexit deal legal advice sends pound tumbling

The pound tumbled Tuesday after the UK government’s top legal advisor cast doubt on Prime Minister Theresa May’s last-gasp changes…
Egypt’s parliament approves bill on cashless payment
Economy

Egypt’s parliament approves bill on cashless payment

The House of Representatives approved on Monday a joint report of the Economic Affairs Committee, the Plan and Budget Committee,…
Egypt has undergone “difficult surgery” for economic reform: Finance Minister
Business

Egypt has undergone “difficult surgery” for economic reform: Finance Minister

The state has undergone a very difficult surgery to conduct it’s economic reform, leading to success in all sectors, Finance…
Egypt’s urban inflation jumps to 14.4 pct in Feb
Economy

Egypt’s urban inflation jumps to 14.4 pct in Feb

CAIRO, March 10 (Reuters) – Egypt’s annual urban consumer price inflation increased to 14.4 percent in February from 12.7 percent…
OECD cuts global growth forecast over trade, Brexit uncertainty
Economy

OECD cuts global growth forecast over trade, Brexit uncertainty

Trade tensions and political uncertainty including Brexit are weighing on the world’s economy, the OECD warned Wednesday as it again…
China cuts taxes, sees ‘tough struggle’ as growth slows
World

China cuts taxes, sees ‘tough struggle’ as growth slows

China’s premier warned Tuesday that the country faces a “tough struggle” as he unveiled tax cuts to prop up a…
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