US dollar
Hermes projects US dollar at LE15 by the end of 2017
Business
January 24, 2017
Hermes projects US dollar at LE15 by the end of 2017
EFG Hermes investment bank is expecting improvement in the Egyptian pound exchange rate by the end of the current year…
Egypt’s Suez Canal revenues fall to US$5 bln in 2016 from US$5.175 bln in 2015
Egypt
January 21, 2017
Egypt’s Suez Canal revenues fall to US$5 bln in 2016 from US$5.175 bln in 2015
Egypt's Suez Canal revenues fell to US$5.005 billion in 2016 from US$5.175 billion the previous year, Reuters calculations showed on…
Egypt on track to receive 2nd tranche of IMF loan
Egypt
January 19, 2017
Egypt on track to receive 2nd tranche of IMF loan
Egypt is on track to receive the second tranche of a US$12 billion three-year loan from the International Monetary Fund…
Egyptian pound strengthens: around 18 per dollar in banks
Business
January 9, 2017
Egyptian pound strengthens: around 18 per dollar in banks
The Egyptian pound remained steady at around 18 per US dollar in most banks on Sunday.The dollar was sold at…
Experts predict stable exchange rate for US dollar in second half of 2017
Business
December 28, 2016
Experts predict stable exchange rate for US dollar in second half of 2017
Some investment experts are predicting that the Egyptian pound will regain some strength against the US dollar during the second…
US dollar dips against yen after lower Treasury yields
Business
December 26, 2016
US dollar dips against yen after lower Treasury yields
The US dollar dipped against the yen on Monday, edging lower after the US Treasury yields pulled away from the…
US dollar prices decline in Egypt’s banks
Business
December 23, 2016
US dollar prices decline in Egypt’s banks
The US dollar exchange rate continued to decline on Thursday to stand at LE 19.5 and LE18.75 in the bank. The…
Pharmacists syndicate demands presidential interference in medicine prices
Business
December 21, 2016
Pharmacists syndicate demands presidential interference in medicine prices
The Pharmacists Syndicate sent a letter to Egypt's President Abdel Fattah al-Sisi calling on him to ban the increases in…
Egyptian pound approaches 20 to US dollar in banks
Business
December 20, 2016
Egyptian pound approaches 20 to US dollar in banks
The Egyptian pound depreciated further against the dollar in some banks mid-Tuesday, reaching a selling price of 19.75 compared to…
US dollar exceeds the LE19 mark
Business
December 19, 2016
US dollar exceeds the LE19 mark
The US dollar exchange rate has hit a new high of LE18.75 for purchasing and LE18.95 for selling, up from…