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Egypt’s Prime Minister Says Govt Not To Float Currency
Egypt’s Prime Minister Hisham Kandil said the government is not planning to float the Egyptian pound amid the…
US Dollar Hikes EGP 0.4 In Week, Differing Views On CBE’s Intervention
A number of exchange market experts asserted that the U.S. dollar has recorded an increase in a week ranging…
Gold Futures Ease Ahead Of Fiscal-Cliff Talks
Gold futures weakened Friday, with investors preparing for the possibility of higher taxes next year as U.S.…
Dollar Moves Up As Investors Watch Fiscal Talks
The dollar pushed slightly higher across the board Friday as markets nervously considered U.S. lawmakers’…
Oil Slips After Supply Data, But Wins On Week
Oil futures modestly fell Friday following a government report showing a smaller-than-expected decline in the…
U.S. Dollar Hikes To Ten-Year High Against Egyptian Pound
The U.S. Dollar is trading on Thursday at the highest levels against the Egyptian Pound in almost 10 years. The…
Gold Prices Ease As Fiscal Talks Continue
Gold futures traded weaker on Wednesday as investors shied away from the market amid uncertainty over fiscal-cliff…
Egyptian Pound Falls To Eight-Year Low After S&P Rating Cut
Currency loses 0.1% to 6.1785 at 12:03pm in Cairo, heading for lowest close since Dec. 2008, according to prices…
Hermes: Moving Abu Dhabi Branch To Dubai ‘Administrative’, Committed To UAE Market
EFG-Hermes Holding Company - (HRHO.CA) announced that it moved its Abu Dhabi operations to its headquarter in…
EFG-Hermes To Shut UAE Branch, Downsize More Employees
Reliable sources from EFG-Hermes the investment bank will be shutting down its brokerage firm in Abu Dhabi by…