US dollar
Egyptian pound steady at forex sale, weaker on black market
Business
January 21, 2016
Egyptian pound steady at forex sale, weaker on black market
Egypt's central bank kept the pound steady against the dollar at its official foreign currency auction on Thursday, but the…
Suez Canal revenues down 5.3% in 2015: chief
Business
January 13, 2016
Suez Canal revenues down 5.3% in 2015: chief
Egypt’s Suez Canal revenues dropped by 5.3 percent in 2015 to US$5,175 billion, down from US$5,465 billion, Suez Canal Authority…
Egypt shuns Qatari offer to renew dollar deposits
Business
January 4, 2016
Egypt shuns Qatari offer to renew dollar deposits
Egypt has turned down a Qatari offer through intermediaries to extend the grace period for paying back bonds worth US$1…
Dollar gains vs euro on risk appetite, oil gains lift ruble
Business
December 29, 2015
Dollar gains vs euro on risk appetite, oil gains lift ruble
The US dollar gained against the euro on Tuesday after greater risk appetite hurt demand for the shared currency and…
Sudanese Embassy in Cairo complains of abuse against its nationals
Egypt
November 19, 2015
Sudanese Embassy in Cairo complains of abuse against its nationals
The Sudanese Embassy in Cairo submitted Wednesday a memorandum to the Egyptian Foreign Ministry to protest abuses by the police…
Weakening Egyptian pound to dollar will not solve economic crisis: expert
Business
November 19, 2015
Weakening Egyptian pound to dollar will not solve economic crisis: expert
The Central Bank of Egypt governor's decision to raise the price of the Egyptian pound against the US dollar by…
Brotherhood businessman not interrogated over currency black market: prosecution
Egypt
October 25, 2015
Brotherhood businessman not interrogated over currency black market: prosecution
A Muslim Brotherhood business mogul is being interrogated over his affiliation with the outlawed group and the financing of its…
Egypt seeks finance packages at US$6 bn
Business
October 18, 2015
Egypt seeks finance packages at US$6 bn
Egypt’s government said negotiations have intensified over the past few days to obtain US$6 million in financing packages to offset…
Industry federation backs CBE decision on dollar surge
Business
July 7, 2015
Industry federation backs CBE decision on dollar surge
Egypt’s industry federation has voiced support for the central bank’s decision to raise US dollar exchange rates against the Egyptian…
Tourism association: EGP drop attractive for tourists
Business
July 6, 2015
Tourism association: EGP drop attractive for tourists
Egypt’s tourist agents are keeping an eye on the impact the US dollar’s recent surge against the Egyptian pound is…