devaluation
Devaluation of Egyptian pound may be postponed for two months: Citigroup
Main Slider
May 12, 2023
Devaluation of Egyptian pound may be postponed for two months: Citigroup
Expectations about a new official devaluation of the Egyptian pound before the end of the current fiscal year have declined,…
Egypt’s debt up to LE 3.7 trillion: finance minister
Economy
November 15, 2017
Egypt’s debt up to LE 3.7 trillion: finance minister
Egypt’s Minister of Finance Amr El-Garhy said on Tuesday that the country’s internal and external debt totalled LE 3.7 trillion…
Egypt stock index climbs 2.0 pct at opening; financials lead
Egypt
November 6, 2016
Egypt stock index climbs 2.0 pct at opening; financials lead
Egypt's stock market surged in early trade on Sunday, led by financial companies' shares, on hopes that the economy will…
Egypt increases fuel prices after devaluation
Egypt
November 4, 2016
Egypt increases fuel prices after devaluation
Fuel prices were to rise dramatically in Egypt on Friday after the central bank floated the currency to address a…
Timeline: The Egyptian pound over the last five decades
Egypt
November 3, 2016
Timeline: The Egyptian pound over the last five decades
The Egyptian pound has embarked on a downward trend linked to the country’s economic conditions, reflecting its strength against foreign…
Egyptian central bank floats pound, devaluing to LE13 per dollar
Business
November 3, 2016
Egyptian central bank floats pound, devaluing to LE13 per dollar
Egypt's central bank floated the pound on Thursday, devaluing by 47.7 percent to an initial guidance level of 13 pounds…
Devaluation would boost Egyptian exports by 10 percent: trade minister
Business
September 20, 2016
Devaluation would boost Egyptian exports by 10 percent: trade minister
Egyptian exports would rise by 10 percent if and when authorities devalue the pound, Trade and Industry Minister Tarek Kabil…
Egypt’s finance minister expects first tranche of IMF loan in six weeks
Business
August 12, 2016
Egypt’s finance minister expects first tranche of IMF loan in six weeks
Egypt expects to receive the first $4 billion tranche of a $12 billion three-year IMF loan facility within six weeks,…
Central bank to keep pound stable at forex auction amid devaluation talk
Business
July 12, 2016
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 surges on expectations of currency devaluation
Business
July 5, 2016
Egypt surges on expectations of currency devaluation
Cairo's main stock index rose 2.9 percent on Monday on expectations of a further currency devaluation this fiscal year, while…