Business tycoon Sawiris hails Egypt currency floating move
Egyptian business tycoon Naguib Sawiris, chairman of Orascom Telecom Media & Technology (OTMT), has hailed the…
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black market
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…
Egypt raids more foreign exchange bureaus, shut 48 so far
Egypt's central bank has shut down 48 foreign exchange bureaus since the start of the year for trading at black…
Egypt central bank shuts down so far 47 currency exchange bureaus
Egypt’s central bank has shut down and revoked the licences of 47 foreign exchange bureaus so far after finding…
Egypt suspends 10 forex bureaus for one year over black market trading
Egypt's central bank suspended Monday for one year the licenses of 10 foreign exchange bureaus in Cairo after…
Egyptian pound hits record low to 12.90 against dollar on black market
Egypt’s currency has weakened to a record low of 12.90 against the dollar on the black market on Sunday, as the…
Egypt stocks end week 0.89% lower on pound fresh fall in black market
Stocks in Egypt have extended the previous day’s drop lower as main index, EGX30 slid 0.89 percent, to 7436.87…
Egyptian pound continues decline on black market
The Egyptian pound dropped again against the dollar on the black market on Wednesday, extending its recent decline…
Egyptian pound weakens to record low against dollar on black market
The Egyptian pound dropped to an unprecedented low on the black market Monday, five traders said, as hard currency…