EGPC uncovers fuel smuggling, safety breaches in inspections in Sept
Egypt’s General Petroleum Corporation (EGPC) uncovered major violations during its inspection campaigns in the…
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black market
Egypt shuts unsafe fuel, LPG sites in crackdown on illegal petroleum trade
Egypt’s General Petroleum Corporation (EGPC) has closed multiple fuel stations and liquefied petroleum gas (LPG)…
Egypt’s Hassan Abdalla wins Arab Banking Union’s Governor of the Year
Hassan Abdalla, the governor of the Central Bank of Egypt (CBE), was named the "Governor of the Year" by the Arab…
Egypt’s economy remains resilient amid global challenges – Tarek Fayed
Tarek Fayed, Chairman of Banque du Caire, said on Sunday that the Central Bank of Egypt's (CBE) recent decisions…
Egypt’s c. bank’s recent decisions eliminate FX parallel market
The Central Bank of Egypt’s (CBE) recent decision will boost confidence in the Egyptian economy and eliminate…
A prescription for restoring economic normalcy
Sharp swings have been observed in Egypt’s FX black market after the news of the signing of an agreement to…
Egyptian pound rises in parallel market
The Egyptian pound (EGP) has seen a significant rise in value on the local black market for U.S. dollars (USD),…
IMF new deal to put end for dollar, gold unstable rates
The International Monetary Fund’s (IMF) new loan agreement will put an end - in the short term - to the exaggerated…
Sudanese pound falls to record low on black market
Sudanese pound fell to a record low on the black market on Thursday as residents concerned by anti-government…
Egypt pays off by floating local currency in economic reform – experts
The relative growth of foreign investment and the sharp decline of foreign exchange black market are among the…