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…
Browsing Tag
black market
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…
Business tycoon Sawiris hails Egypt currency floating move
Egyptian business tycoon Naguib Sawiris, chairman of Orascom Telecom Media & Technology (OTMT), has hailed the…
Banque Du Caire mulls establishing forex firm to combat black market
Egypt’s third biggest public lender, Banque Du Caire is studying establishing a foreign exchange firm in a bid to…
IMF’s $12 bln loan ‘not enough’ to save Egyptian pound: ex-finance minister
A $12 billion IMF loan will definitely support Egypt’s foreign reserves and budget but it won’t be enough to curb…
