US dollars

US dollar exchange rate stable during Sunday trading
Economy

US dollar exchange rate stable during Sunday trading

The US dollar exchange rate has been┬ástable┬áduring Sunday trading. The purchasing rate at the National Bank of Egypt and Banque…
Bloomberg: Egypt’s economy is recovering, EGP climbs faster than expected
Egypt

Bloomberg: Egypt’s economy is recovering, EGP climbs faster than expected

The value of the Egyptian pound rose faster than expected, though optimism prevails among Egyptian businessmen societies recently, thanks to…
Stocks, oil, gold start 2017 on firm footing, US dollar resumes climb
Business

Stocks, oil, gold start 2017 on firm footing, US dollar resumes climb

Global markets marched confidently into 2017 on Tuesday, with Asian stocks extending gains after European shares surged to their highest…
New proposal to seek dollar deposits from Egyptian expats
Egypt

New proposal to seek dollar deposits from Egyptian expats

Egyptian MPs are due to consider a new proposal for injecting dollars into the economy, by which Egyptian citizens living…
Dollar price drops on black market as talks on $12bn IMF loan announced
Business

Dollar price drops on black market as talks on $12bn IMF loan announced

The price of the US dollar has fallen against the Egyptian pound on the black market after the official announcement…
Central bank to keep pound stable at forex auction amid devaluation talk
Business

Central bank to keep pound stable at forex auction amid devaluation talk

Egypt's central bank will keep the Egyptian pound stable at 8.78 to the dollar at its weekly foreign exchange auction…
Egypt’s illicit currency traders defy crackdown, spread business abroad
Business

Egypt’s illicit currency traders defy crackdown, spread business abroad

Egypt's efforts to stamp out illicit currency trading is pushing black market dealers to carry out transactions abroad, beyond the…
What devaluation? Egyptian currency traders shrug off black market crackdown
Business

What devaluation? Egyptian currency traders shrug off black market crackdown

Egypt's war on black market currency traders is not going to plan. One month after a devaluation that was supposed…
Sawiris eyes EU50 bn bank in Luxembourg
Business

Sawiris eyes EU50 bn bank in Luxembourg

Egyptian businessman Naguib Sawiris plans to invest 50 million euros (US$55 million) to set up a bank in Luxembourg specializing…
Analysts expect further ‘dollarization’ after sharp declines in Egyptian currency
Business

Analysts expect further ‘dollarization’ after sharp declines in Egyptian currency

Analysts and bankers expect an increase in Egyptians' demands to convert Egyptian pounds to US dollars, a phenomenon known as…
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