US dollar
US dollar fluctuating on Thursday
Business
February 22, 2018
US dollar fluctuating on Thursday
The US dollar witnessed fluctuating prices against the Egyptian pound on Thursday, averaging LE17.60 in trade dealings. According to latest price…
US dollar maintains stable rates against Egyptian pound
Business
February 21, 2018
US dollar maintains stable rates against Egyptian pound
The US dollar maintained stable rates against the Egyptian pound on Wednesday morning. The dollar settled at LE17.60 for purchase…
Asian shares tumble after Dow has worst day since 2011
Economy
February 6, 2018
Asian shares tumble after Dow has worst day since 2011
Asian markets were rattled Tuesday by the miseries on Wall Street, with Japan’s Nikkei 225 index briefly dipping more than…
Four Egyptians arrested in Kuwait for selling $7 mn on the black market
Egypt
January 26, 2018
Four Egyptians arrested in Kuwait for selling $7 mn on the black market
Kuwaiti newspaper Al-Rai reported on Friday that four Egyptians have been arrested by Kuwaiti police for possession of $7 million,…
US dollar falls to 3-year low as world leaders visit Davos
Business
January 25, 2018
US dollar falls to 3-year low as world leaders visit Davos
The US dollar fell to a three-year low on Wednesday after Treasury Secretary Steven Mnuchin praised the devaluation of the…
Dollar wallows near three-year lows on US government shutdown
Business
January 22, 2018
Dollar wallows near three-year lows on US government shutdown
The dollar was pinned near a three-year low on Monday as a US government shutdown encouraged investors to add to…
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
Egypt
January 8, 2018
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic…
Egypt to keep customs exchange rate at 16 pounds in January
Egypt
January 2, 2018
Egypt to keep customs exchange rate at 16 pounds in January
Egypt will keep its customs exchange rate steady at 16 pounds per dollar for January, the finance ministry said on…
US dollar price stable at majority of banks in Egypt
Business
December 21, 2017
US dollar price stable at majority of banks in Egypt
US dollar exchange rates were stable throughout Thursday morning trading. In the National Bank of Egypt (NBE), the US dollar…
Egyptian expats remittances record highest level in history: CBE
Business
December 20, 2017
Egyptian expats remittances record highest level in history: CBE
From November 2016 to November 2017, the total sum of remittances sent to Egypt from expats working abroad reached $24.2 billion,…