US dollar
Egypt’s net foreign reserves rise to US$45.457 bn in January
Business
February 7, 2020
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…
US dollar exchange rate down by 2 piasters against Egyptian pound
Business
January 27, 2020
US dollar exchange rate down by 2 piasters against Egyptian pound
The US dollar exchange rate made a new decline against the Egyptian pound on Monday, falling 2 piasters at Banque…
Rolexes and cars; Lebanese spend big to prise savings from the bank
Middle East
January 27, 2020
Rolexes and cars; Lebanese spend big to prise savings from the bank
BEIRUT (Reuters) – When she heard Lebanese banks would limit cash withdrawals, Rita, a doctor, rushed out to buy a…
Egypt’s markets, industrial sectors to witness recovery in June: expert
Business
January 22, 2020
Egypt’s markets, industrial sectors to witness recovery in June: expert
Matti Beshay, an expert with the General Division of Importers, said on Wednesday that the market is suffering stagnation despite…
US dollar prices continue declining against the Egyptian pound
Business
January 15, 2020
US dollar prices continue declining against the Egyptian pound
US dollar prices continued declining against the Egyptian pound in several banks on Wednesday after witnessing a decline by three…
Egypt’s foreign currency reserves up to $45.42 billion in December: CBE
Business
January 6, 2020
Egypt’s foreign currency reserves up to $45.42 billion in December: CBE
Egypt’s foreign currency reserves increased to US$45.42 billion in December compared to $45.35 billion in November, the Central Bank of…
US dollar exchange rate in Egypt declines under LE16 mark
Business
December 17, 2019
US dollar exchange rate in Egypt declines under LE16 mark
The US dollar exchange rate made a new record decline against the Egyptian pound, falling below the LE16 mark for…
Cabinet sets 5 conditions for granting Egyptian nationality to foreigners
Business
December 11, 2019
Cabinet sets 5 conditions for granting Egyptian nationality to foreigners
The Egyptian Cabinet approved on Tuesday a draft law to regulate granting Egyptian nationality, setting five conditions, according to the…
Lebanon crisis wreaks havoc on Syria’s war-torn economy
Middle East
November 29, 2019
Lebanon crisis wreaks havoc on Syria’s war-torn economy
AMMAN (Reuters) — A financial crisis in Lebanon has hit the economy of neighboring Syria hard, choking off a vital…
Company profits in Egypt surge to pre-pound flotation rates: Bloomberg
Business
November 29, 2019
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…