US dollar
Dollar gains vs euro on risk appetite, oil gains lift ruble
Business
December 29, 2015
Dollar gains vs euro on risk appetite, oil gains lift ruble
The US dollar gained against the euro on Tuesday after greater risk appetite hurt demand for the shared currency and…
Sudanese Embassy in Cairo complains of abuse against its nationals
Egypt
November 19, 2015
Sudanese Embassy in Cairo complains of abuse against its nationals
The Sudanese Embassy in Cairo submitted Wednesday a memorandum to the Egyptian Foreign Ministry to protest abuses by the police…
Weakening Egyptian pound to dollar will not solve economic crisis: expert
Business
November 19, 2015
Weakening Egyptian pound to dollar will not solve economic crisis: expert
The Central Bank of Egypt governor's decision to raise the price of the Egyptian pound against the US dollar by…
Brotherhood businessman not interrogated over currency black market: prosecution
Egypt
October 25, 2015
Brotherhood businessman not interrogated over currency black market: prosecution
A Muslim Brotherhood business mogul is being interrogated over his affiliation with the outlawed group and the financing of its…
Egypt seeks finance packages at US$6 bn
Business
October 18, 2015
Egypt seeks finance packages at US$6 bn
Egypt’s government said negotiations have intensified over the past few days to obtain US$6 million in financing packages to offset…
Industry federation backs CBE decision on dollar surge
Business
July 7, 2015
Industry federation backs CBE decision on dollar surge
Egypt’s industry federation has voiced support for the central bank’s decision to raise US dollar exchange rates against the Egyptian…
Tourism association: EGP drop attractive for tourists
Business
July 6, 2015
Tourism association: EGP drop attractive for tourists
Egypt’s tourist agents are keeping an eye on the impact the US dollar’s recent surge against the Egyptian pound is…
Exchange companies demand higher rate of deposit
Business
April 4, 2015
Exchange companies demand higher rate of deposit
Exchange firms are suffering from a shortage of US$100 bills as a result of the Central Bank of Egypt's (CBE)…
CBE bans exchange of US$100 bills to counter smuggling
Business
March 30, 2015
CBE bans exchange of US$100 bills to counter smuggling
The Central Bank of Egypt (CBE) has decided to ban the exchange of US$100 bills for banking clients and has…
Egyptian pound steady at official auction, weaker on black market
Business
February 25, 2015
Egyptian pound steady at official auction, weaker on black market
Egypt's central bank kept the pound steady at LE7.53 to the dollar at a foreign exchange auction on Wednesday but…