US dollar
Food prices will not rise due to dollar price: President Sisi
Egypt
March 18, 2016
Food prices will not rise due to dollar price: President Sisi
Food prices will not be affected by recent hikes in US dollar rates against the Egyptian pound, President Abdel Fattah…
Dollar swoons as Fed scales down rate hike forecasts
Business
March 17, 2016
Dollar swoons as Fed scales down rate hike forecasts
The dollar tumbled on Thursday, lifting world shares to their highest level of the year, after the US Federal Reserve…
Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday
Business
March 17, 2016
Egypt central bank keeps pound stable at LE8.78 per dollar on Thursday
The Central Bank of Egypt (CBE) will keep the pound stable at a regular foreign currency auction on Thursday, four…
EgyptAir reconsiders ticket prices following dollar hike
Business
March 16, 2016
EgyptAir reconsiders ticket prices following dollar hike
EgyptAir is considering increasing prices of plane tickets following a recent 14 percent surge in the US dollar price against…
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
Business
March 15, 2016
Egypt c.bank to hold pound steady at 8.85 per dollar at exceptional FX auction
Egypt's central bank will hold the pound steady at 8.85 pounds per dollar at an exceptional foreign currency auction on…
Experts divided over Egyptian pound devaluation
Business
March 15, 2016
Experts divided over Egyptian pound devaluation
The Central Bank of Egypt's decision to devalue the country’s currency rate has drawn mixed reactions from experts. The Egyptian…
Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction
Business
March 14, 2016
Central bank devalues Egyptian pound to LE8.85 per dollar at special FX auction
Egypt's central bank said on Monday it had devalued the Egyptian pound to LE8.85 per dollar at a special foreign…
Banque Misr: dollar black market rate down to LE9
Business
March 13, 2016
Banque Misr: dollar black market rate down to LE9
The rate quoted for the US dollar among black market dealers has dropped to nearly LE9, down from a recently…
Egyptian pound hits all-time low against the dollar on black market
Business
March 9, 2016
Egyptian pound hits all-time low against the dollar on black market
The value of the Egyptian pound relative to the US dollar hit rock bottom last week, with US$1 equaling LE10…
Central bank removes dollar deposits cap for companies
Business
March 9, 2016
Central bank removes dollar deposits cap for companies
The Central Bank of Egypt (CBE) has removed a limit it imposed in February 2015 on foreign currency deposits and…