dollar crisis
Egypt going through difficult circumstances, but we are in control of situation: Sisi
Egypt
January 20, 2023
Egypt going through difficult circumstances, but we are in control of situation: Sisi
Egypt has been going through difficult circumstances, but we are in control of the situation, President Abdel Fattah al-Sisi said…
Sisi comments on US dollar crisis in Egypt
Egypt
December 26, 2022
Sisi comments on US dollar crisis in Egypt
Egyptian President Abdel Fattah al-Sisi commented on the various economic issues facing his nation, such as the US dollar crisis…
Lufthansa mulls refusing payment in local currency, could pull out of Egypt
Business
September 27, 2016
Lufthansa mulls refusing payment in local currency, could pull out of Egypt
The German airline Lufthansa is mulling several alternatives to overcome the crisis of its financial dues in Egypt, including a…
Let them eat Kahk: gov’t biscuit subsidies sweeten Eid inflation
Egypt
July 4, 2016
Let them eat Kahk: gov’t biscuit subsidies sweeten Eid inflation
"A kilo of the best quality Kahk shouldn't be more than 30 pounds," says Hussein Abdullah, a bakery and patisserie…
Government buy-local ads poke fun at Egypt’s ‘foreigner complex’
Egypt
June 18, 2016
Government buy-local ads poke fun at Egypt’s ‘foreigner complex’
The Trade and Industry Ministry has launched a new advertising campaign aimed at encouraging Egyptians to have more confidence in…
Egypt’s illicit currency traders defy crackdown, spread business abroad
Business
June 15, 2016
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…
Pension increase canceled out by consumer inflation
Egypt
June 13, 2016
Pension increase canceled out by consumer inflation
On May 9, President Abdel Fattah al-Sisi approved a 10 percent increase on all state pensions, a move that benefits…
What devaluation? Egyptian currency traders shrug off black market crackdown
Business
April 22, 2016
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…
We will keep basic goods prices stable despite dollar crisis: Sisi
Business
April 14, 2016
We will keep basic goods prices stable despite dollar crisis: Sisi
Egypt's President Abdel Fattah al-Sisi said on Wednesday he would make sure the price of basic goods does not increase,…
Egypt central bank to keep pound stable say bankers, pound weakens on black market
Business
April 7, 2016
Egypt central bank to keep pound stable say bankers, pound weakens on black market
Egypt's central bank will keep the pound stable at LE8.78 pounds to the dollar in Thursday's additional foreign currency auction,…