US dollar

Egyptian pound weakens to record against the dollar on black market
Business

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

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…
Food prices will not rise due to dollar price: President Sisi
Egypt

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

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

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

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

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

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

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

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…
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