US dollar
US dollar exchange rate declines
Business
December 15, 2016
US dollar exchange rate declines
The exchange rate of the US dollar has declined by 10 piasters for selling and buying at three national banks,…
Oil surges after output cuts, strong dollar weighs
Business
December 12, 2016
Oil surges after output cuts, strong dollar weighs
Oil prices jumped to their highest levels in a year and a half on Monday, after OPEC and non-OPEC producers…
Egypt received inflows of $1 billion in month since currency float: central bank
Business
December 11, 2016
Egypt received inflows of $1 billion in month since currency float: central bank
Egypt's central bank governor Tarek Amer said on Saturday the country had received inflows of around $1 billion in the…
US dollar selling rate increases at four banks
Business
December 8, 2016
US dollar selling rate increases at four banks
The US dollar surge has continued at banks on Thursday at four banks including the National Bank of Egypt (NBE),…
Egypt’s foreign reserves jump to US$23 bln at end-November
Egypt
December 6, 2016
Egypt’s foreign reserves jump to US$23 bln at end-November
Egypt's foreign reserves have increased to US$23.058 billion at the end of November from $19.041 billion a month earlier, the…
US dollar price exceeds LE18
Business
November 29, 2016
US dollar price exceeds LE18
US dollar price has exceeded LE18 at four banks which are: Housing and Development Bank (HDB), Commercial International Bank (CIB),…
Oil slip sends dollar, bond yields skidding
Business
November 28, 2016
Oil slip sends dollar, bond yields skidding
The dollar saw its biggest drop in almost a month on Monday, as a bashing for oil prices on doubts…
Egypt-Ukraine Council considering local currency barter
Business
November 23, 2016
Egypt-Ukraine Council considering local currency barter
The Egypt-Ukraine Business Council (the Egyptian side) is exploring reciprocal trade prospects and means of increasing exports to Ukraine in…
Increase in White Taxi, Uber, Careem fares approved
Egypt
November 22, 2016
Increase in White Taxi, Uber, Careem fares approved
Cairo governor Atef Abdel Hamid approved on Monday evening the new tariff for white taxis, following an increase in fuel…
Why is US dollar rising again?
Business
November 21, 2016
Why is US dollar rising again?
Optimism waves receded among economists on Monday, after the US dollar exchange rates rose against the Egyptian pound in banks,…