US dollar
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,…
US dollar hits LE18 again
Business
November 21, 2016
US dollar hits LE18 again
The US dollar continued its rise against the Egyptian pound in the banks for the second consecutive day on Monday,…
Egypt’s pound weakens as dollar demand surges, interest rates steady
Business
November 20, 2016
Egypt’s pound weakens as dollar demand surges, interest rates steady
The Egyptian pound weakened significantly on Sunday as banks scrambled to meet a surge in demand for dollars and the…
US dollar hits highest level against local currency this week
Egypt
November 17, 2016
US dollar hits highest level against local currency this week
The Central Bank of Egypt announced Thursday that the US dollar soars to its highest level against the Egyptian pound…
US dollar inflows hit US$2.6 bn, CBE regains ability to finance trade says governor
Business
November 17, 2016
US dollar inflows hit US$2.6 bn, CBE regains ability to finance trade says governor
The official US dollar inflows have improved, two weeks after the Central Bank of Egypt (CBE)'s decision to float the…
US dollar index surges to 14-year high
Business
November 16, 2016
US dollar index surges to 14-year high
The US dollar soared to its highest since April 2003 against a basket of currencies on Wednesday, reaching its strongest…
Dollar soars as US yields spike; global shares divided
Business
November 14, 2016
Dollar soars as US yields spike; global shares divided
The US dollar hit an 11-month peak on Monday as the risk of faster domestic inflation and wider budget deficits…
US dollar rate decreases after Egypt receives first tranche of IMF loan
Egypt
November 12, 2016
US dollar rate decreases after Egypt receives first tranche of IMF loan
The US dollar exchange rate decreased in banks on Saturday, after Egypt received last night US$2.75 billion, the first tranche of the…
In largest deal since 2011, exchange company sells US$2.5 million to NBE
Business
November 12, 2016
In largest deal since 2011, exchange company sells US$2.5 million to NBE
Egyptian Exchange Company and state-run National Bank of Egypt (NBE) struck the largest foreign currency deal in the local market…