US dollar
Egypt banks to lift limits on use of credit cards abroad
Business
November 6, 2016
Egypt banks to lift limits on use of credit cards abroad
Two days after Egyptian pound devaluation, banks working in Egypt started to review restrictions on the use of credit and…
Hungry for dollars after float, Egyptian banks offer market rates
Egypt
November 5, 2016
Hungry for dollars after float, Egyptian banks offer market rates
Hungry for dollars after the central bank floated the pound on Thursday, Egyptian banks are offering market rates for the…
Egyptian pound recovers LE2 against US dollar on black market
Business
November 2, 2016
Egyptian pound recovers LE2 against US dollar on black market
The Egyptian pound rose by LE2 against the US dollar on the black market on Tuesday, apparently strengthened by a…
Egypt cancels treasury bill auctions signalling more moderate rate hike
Business
October 31, 2016
Egypt cancels treasury bill auctions signalling more moderate rate hike
Egypt cancelled its three and nine month treasury bill auction on Sunday, data from the central bank showed, confounding market…
US dollar hits LE18 on black market as govt mulls official devaluation
Business
October 31, 2016
US dollar hits LE18 on black market as govt mulls official devaluation
The US dollar continued its steep rise on Egypt's black market on Sunday, breaking the LE18 barrier for the first…
Dollar rises to three-month high vs. yen before U.S. GDP data
Business
October 28, 2016
Dollar rises to three-month high vs. yen before U.S. GDP data
The dollar advanced to a three-month high against the yen on Friday, on track for monthly gains against most major…
Egypt Suez Canal revenue rises to $447.6 mln in August
Business
October 25, 2016
Egypt Suez Canal revenue rises to $447.6 mln in August
Oct 25 Egypt's Suez Canal revenue rose to $447.6 million in August compared with $429 million in July, data from…
Dollar hits seven-month high, stocks set for weekly rise
Business
October 21, 2016
Dollar hits seven-month high, stocks set for weekly rise
Global stocks were set for their first weekly gain in four weeks on Friday and the dollar rose to its…
Floating the pound: currency fix or economic disaster?
Business
October 5, 2016
Floating the pound: currency fix or economic disaster?
The Egyptian pound has continued to lose value against the US dollar in the last few months, with black market…
Egypt to boost subsidies on household goods to balance currency devaluation
Egypt
October 4, 2016
Egypt to boost subsidies on household goods to balance currency devaluation
The Egyptian government is planning to increase subsidies on household goods to prevent soaring prices resulting from an imminent currency…