pound
Naguib Sawiris urges significant devaluation of the Egyptian pound
Business
February 1, 2024
Naguib Sawiris urges significant devaluation of the Egyptian pound
Egyptian billionaire Naguib Sawiris criticized the delay in implementing the long-awaited devaluation of the Egyptian pound, proposing that authorities match…
Lebanon devaluates Lira by 90%
Economy
February 1, 2023
Lebanon devaluates Lira by 90%
Governor of the Central Bank of Lebanon (Banque du Liban) Riad Salameh said Lebanon will adopt a new official exchange…
Brexit deal legal advice sends pound tumbling
World
March 12, 2019
Brexit deal legal advice sends pound tumbling
The pound tumbled Tuesday after the UK government’s top legal advisor cast doubt on Prime Minister Theresa May’s last-gasp changes…
Standard Chartered expects 5.5% growth for Egypt in 2019
Economy
October 17, 2018
Standard Chartered expects 5.5% growth for Egypt in 2019
Standard Chartered projected on Tuesday that the gross domestic product (GDP) growth rate of Egypt will rise by 5.5 percent…
Lebanese central bank says pound stable, urges fiscal reform
Middle East
August 7, 2018
Lebanese central bank says pound stable, urges fiscal reform
BEIRUT (Reuters) – Lebanon’s pound is stable and the central bank has the means to defend its stability, central bank…
Barclays sells Egyptian business to Morocco’s Attijariwafa Bank
Business
October 5, 2016
Barclays sells Egyptian business to Morocco’s Attijariwafa Bank
Britain's Barclays has completed the sale of its Egyptian business to Morocco's Attijariwafa Bank as part of its shift towards focusing…
UPDATE: Egyptian pound steady at auction, weaker on parallel market
Business
November 17, 2015
UPDATE: Egyptian pound steady at auction, weaker on parallel market
Egypt's central bank kept the pound steady at LE7.7301 to the dollar at its official foreign currency auction on Tuesday,…
Central bank: Egypt’s pound hits new low of LE7.39 per dollar
Egypt
January 22, 2015
Central bank: Egypt’s pound hits new low of LE7.39 per dollar
Egypt's pound weakened to LE7.39 per dollar from LE7.34 the previous day at a central bank auction on Thursday, the…
Egypt pound weakens at central bank’s dollar sale and on black market
Business
April 14, 2014
Egypt pound weakens at central bank’s dollar sale and on black market
The Egyptian pound weakened at a central bank dollar sale and on the black market on Monday, after hitting a…
Cabinet eases limits on carrying cash to and from Egypt
Business
March 13, 2013
Cabinet eases limits on carrying cash to and from Egypt
Egypt said on Wednesday it was easing limits on travelers bringing currency in and out of the country and said…