US dollar
Egyptian pound steady at forex sale, black market under pressure
Business
February 18, 2016
Egyptian pound steady at forex sale, black market under pressure
The Egyptian pound was steady against the dollar at an official forex auction on Thursday and black market traders quoted…
Egypt’s central bank not moving toward weakening the pound: official
Business
February 16, 2016
Egypt’s central bank not moving toward weakening the pound: official
Egypt's central bank is not moving toward devaluing the pound or floating its currency, a central bank official said in…
Egyptian pound steady at forex sale, weaker on black market
Business
February 14, 2016
Egyptian pound steady at forex sale, weaker on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday but weakened on the…
Egyptian pound weakens on black market, steady at official auction
Business
February 11, 2016
Egyptian pound weakens on black market, steady at official auction
The Egyptian pound slipped further on the black market on Thursday, piling more pressure on the central bank to devalue…
Egypt’s CIB to issue LE8 bn in financial instruments
Business
February 11, 2016
Egypt’s CIB to issue LE8 bn in financial instruments
Commercial International Bank (CIB), Egypt's largest listed company, said on Thursday its board had approved a plan to issue financial…
In Egypt, medicines disappear from shelves as dollar crisis bites
Egypt
February 11, 2016
In Egypt, medicines disappear from shelves as dollar crisis bites
Nahed Ibrahim has scoured Egypt in vain to find a regular supply of medication to help her mother to recover…
Egypt to set 2016-17 budget at devalued exchange rate
Business
February 8, 2016
Egypt to set 2016-17 budget at devalued exchange rate
Egypt is preparing its 2016-2017 budget on the basis of an exchange rate of LE8.25 to the dollar, as compared…
Egyptian pound slips further on black market, official rate unchanged
Business
February 7, 2016
Egyptian pound slips further on black market, official rate unchanged
The Egyptian pound continued to weaken on the black market on Sunday, piling more pressure on the central bank to…
Egyptian pound steady at forex sale, stronger on black market
Business
February 2, 2016
Egyptian pound steady at forex sale, stronger on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but strengthened on the…
Dollar surges against Egyptian pound after cbank raises cap on deposits
Business
January 27, 2016
Dollar surges against Egyptian pound after cbank raises cap on deposits
The dollar surged against the Egyptian pound on the black market on Wednesday, a day after the central bank raised…