pound
Pound weakens to new record low
Business
February 13, 2013
Pound weakens to new record low
The Egyptian pound weakened to a record low against the US dollar in interbank trade and slid further still on…
Pound dips as weekend violence prompts caution
Business
January 27, 2013
Pound dips as weekend violence prompts caution
The pound weakened against the dollar Sunday, as street violence and deaths added to the political crisis, extending a steady…
Central Bank: Pound fell at dollar auction
Business
January 9, 2013
Central Bank: Pound fell at dollar auction
The pound fell at a Central Bank of Egypt auction of dollars Wednesday, the seventh such sale since it introduced…
Pound weakens to near 8-year low as IMF talks resume
Business
October 31, 2012
Pound weakens to near 8-year low as IMF talks resume
The pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations for a US$4.8…
Egypt’s pound depends on political progress
Business
March 1, 2011
Egypt’s pound depends on political progress
Egypt's new government has little time to get a credible political process in place before it risks renewed and possibly…
Egypt pound closes weaker after banks reopen
Business
February 20, 2011
Egypt pound closes weaker after banks reopen
The Egyptian pound weakened on Sunday after the nation's banks reopened from a three-day closure caused by worker strikes and…
Egypt pound hits 6-yr low despite state bank support
Business
February 7, 2011
Egypt pound hits 6-yr low despite state bank support
The Egyptian pound hit a 6-year low on Monday after banks reopened their doors to international deals, with the government…
Central Bank of Egypt: Losses caused by protests not calculated
Business
February 6, 2011
Central Bank of Egypt: Losses caused by protests not calculated
The vice-president of the Central Bank of Egypt (CBE), Hisham Ramez, has said it is too early to gauge the…
Egypt pound down less than feared, central bank supports
Business
February 6, 2011
Egypt pound down less than feared, central bank supports
The central bank appeared to intervene indirectly to support the Egyptian pound on Sunday as foreign exchange trade resumed after…
Egypt stocks tumble most since 2009 after protests, pound weakens
Business
January 26, 2011
Egypt stocks tumble most since 2009 after protests, pound weakens
Egyptian stocks tumbled the most in more than a year and bonds fell after thousands took to the streets of…