US dollar
Dollar hits seven-month high, stocks set for weekly rise
Business
October 21, 2016
Dollar hits seven-month high, stocks set for weekly rise
Global stocks were set for their first weekly gain in four weeks on Friday and the dollar rose to its…
Floating the pound: currency fix or economic disaster?
Business
October 5, 2016
Floating the pound: currency fix or economic disaster?
The Egyptian pound has continued to lose value against the US dollar in the last few months, with black market…
Egypt to boost subsidies on household goods to balance currency devaluation
Egypt
October 4, 2016
Egypt to boost subsidies on household goods to balance currency devaluation
The Egyptian government is planning to increase subsidies on household goods to prevent soaring prices resulting from an imminent currency…
CBE announces $3 bn rise in net foreign reserves on last month
Business
October 3, 2016
CBE announces $3 bn rise in net foreign reserves on last month
The Central Bank of Egypt (CBE) has announced a US$3 billion increase in net foreign reserves in late September compared…
Egyptian pound devaluation, partial floatation expected this week
Business
October 3, 2016
Egyptian pound devaluation, partial floatation expected this week
The Egyptian pound could be devalued this week, ahead of a national holiday commemmorating the 6th October War, according to…
Dollar price climbs on black market after rumors of partial floatation of pound
Business
October 1, 2016
Dollar price climbs on black market after rumors of partial floatation of pound
The black-market exchange rate for US dollars increased once again Friday as rumors circulated that the Central Bank of Egypt…
US dollar hits LE13.10 on black market after Sisi’s speech
Business
September 28, 2016
US dollar hits LE13.10 on black market after Sisi’s speech
Foreign exchange traders working on Egypt's black market said the price of the US dollar jumped to more than LE13…
Egypt’s dollar black market resilient despite new threat of jail terms
Business
August 17, 2016
Egypt’s dollar black market resilient despite new threat of jail terms
Desperate to elude roving financial police and fearful of new jail terms for black-market money-changing, Egypt's currency traders are driving…
Egyptian pound weakens to record against the dollar on black market
Business
March 28, 2016
Egyptian pound weakens to record against the dollar on black market
The Egyptian pound fell to an unprecedented low on the black market on Monday, five traders said, as hard currency…
Auto franchises most likely to increase prices: newspaper
Business
March 18, 2016
Auto franchises most likely to increase prices: newspaper
A number of automobile franchise big names have concurred that car prices will likely rise steeply as a result of…