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Egypt’s Pound Falls Half A Percent At Sunday FX Auction
Egypt's pound slid by half a percent on Sunday at the central bank's fifth auction of foreign currency, with all…
El-Abyad: Dollar Likely To Fall To EGP 6.35 In 2 Weeks
Mohamed Hassan El-Abyad - head of the Foreign Exchange Section at the Federation of Egyptian Chambers of Commerce –…
Oriental Weavers Sales To Witness Some Boost As Pound Weakens; Expert
Oriental Weavers Co. – OW (ORWE.CA), which exports most of its products to the U.S., rose to the highest level in…
Dollar Cuts Into Weekly Rise After Jobs Data
The U.S. dollar turned down slightly against the euro late Friday, and came off a 29-month high versus the Japanese…
Oil Showing Little Reaction To Chavez Health Problems
New reports Friday suggest that Venezuelan President Hugo Chavez is fighting for his life, but for now, at…
Egypt Pound’s Decline Slows At 4th Auction
Egypt's pound slid further on Thursday at the central bank's fourth auction of foreign currency and hit a new…
Fitch Says Egypt’s New FX Regime Positive Step In Tough Circumstances
Fitch Ratings stated in a report issued on Thursday that Egypt's new exchange rate regime has brought greater…
Egyptian Pound’s Decline ‘Not End Of World’, Boosting Production Is Must
The crisis is not in the jump in the U.S. dollar exchange rate against Egyptian pound but in the collapsing economy…
Dollar Extends Post-Cliff Gains
The U.S. dollar recovered further Thursday, reversing losses made immediately after Washington lawmakers clinching…
Egypt’s Customs Stops Centamin Gold Shipment Because Not Approved
Egyptian customs have stopped a Centamin shipment of gold held at Cairo airport from being exported because it did…