pound devaluation

Pound devaluation will hit pharmaceutical industry hard: official
Egypt

Pound devaluation will hit pharmaceutical industry hard: official

Leaders of Egypt's pharmaceuticals sector are seeking measures to mitigate the negative impacts of the recent devaluation of the Egyptian…
Presidential aide: Egyptian pound will not collapse
Egypt

Presidential aide: Egyptian pound will not collapse

The Egyptian pound will not collapse and its incremental depreciation has stabilized, a senior aide to President Mohamed Morsy said…
Price hikes for food, medicine
Business

Price hikes for food, medicine

The overall index of food prices went up by 1 percent last week, said Osama Sultan of the Federation of…
Why the pound devaluation now?
Opinion

Why the pound devaluation now?

The long-expected devaluation of the Egyptian pound is finally taking place. The pound has undergone its greatest devaluation against the…
IMF official in Egypt as currency crisis bites
Business

IMF official in Egypt as currency crisis bites

A senior International Monetary Fund official met Egypt's government on Monday to discuss a vital US$4.8 billion loan as the…
Egypt’s economy will face tougher hurdles in 2013
Business

Egypt’s economy will face tougher hurdles in 2013

Talk of economic recovery has all but gone silent in Egypt, replaced by doomsday predictions about the depths to which…
Pound weakens to near 8-year low as IMF talks resume
Business

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…
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