US dollar
US dollar selling rate increases at four banks
Business
December 8, 2016
US dollar selling rate increases at four banks
The US dollar surge has continued at banks on Thursday at four banks including the National Bank of Egypt (NBE),…
Egypt’s foreign reserves jump to US$23 bln at end-November
Egypt
December 6, 2016
Egypt’s foreign reserves jump to US$23 bln at end-November
Egypt's foreign reserves have increased to US$23.058 billion at the end of November from $19.041 billion a month earlier, the…
US dollar price exceeds LE18
Business
November 29, 2016
US dollar price exceeds LE18
US dollar price has exceeded LE18 at four banks which are: Housing and Development Bank (HDB), Commercial International Bank (CIB),…
Oil slip sends dollar, bond yields skidding
Business
November 28, 2016
Oil slip sends dollar, bond yields skidding
The dollar saw its biggest drop in almost a month on Monday, as a bashing for oil prices on doubts…
Egypt-Ukraine Council considering local currency barter
Business
November 23, 2016
Egypt-Ukraine Council considering local currency barter
The Egypt-Ukraine Business Council (the Egyptian side) is exploring reciprocal trade prospects and means of increasing exports to Ukraine in…
Increase in White Taxi, Uber, Careem fares approved
Egypt
November 22, 2016
Increase in White Taxi, Uber, Careem fares approved
Cairo governor Atef Abdel Hamid approved on Monday evening the new tariff for white taxis, following an increase in fuel…
Why is US dollar rising again?
Business
November 21, 2016
Why is US dollar rising again?
Optimism waves receded among economists on Monday, after the US dollar exchange rates rose against the Egyptian pound in banks,…
US dollar hits LE18 again
Business
November 21, 2016
US dollar hits LE18 again
The US dollar continued its rise against the Egyptian pound in the banks for the second consecutive day on Monday,…
Egypt’s pound weakens as dollar demand surges, interest rates steady
Business
November 20, 2016
Egypt’s pound weakens as dollar demand surges, interest rates steady
The Egyptian pound weakened significantly on Sunday as banks scrambled to meet a surge in demand for dollars and the…
US dollar hits highest level against local currency this week
Egypt
November 17, 2016
US dollar hits highest level against local currency this week
The Central Bank of Egypt announced Thursday that the US dollar soars to its highest level against the Egyptian pound…