Egypt main index soars 14% in currency-devaluation week
Egypt’s main index EGX30 jumped 14 percent in a week, rising above its 200-day average for the first time since…
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Central Bank of Egypt
JP Morgan sees devaluation of Egyptian Pound by 35% in 2016
US-based financial services firm, JP Morgan forecasts that the Egyptian pound will be devalued by 35 percent in…
Foreign, Arab currencies vs Egyptian pound at early trade
Ahead of the Egyptian central bank’s Wednesday exceptional foreign exchange auction, Arab and foreign currencies…
Economists hail Egyptian Pound devaluation, flexible exchange rate
Economists and bankers have welcomed the Central Bank of Egypt's decision to adopt a more flexible exchange rate…
Arab, foreign currencies record jump against Egyptian pound
Arab and foreign currencies have soared against the Egyptian pound on Tuesday following a decision adopted by…
Cairo main index climbs 8% in week after c.bank move
Egypt’s stock market posted weekly gains worth 18.8 billion Egyptian pounds ($2.4 billion). Main index, EGX30 has…
Egypt black-market pound climbs despite central bank’s FX bid
Egyptian pound weakened to a record Sunday despite the central bank’s $500 million exceptional foreign exchange…
Moody’s: Egypt’s USD certificates ‘positive’, but ‘insufficient to quell liquidity…
The sale of US certificates for sale to Egyptian expatriates will increase the three government-owned banks’ dollar…
Egypt’s foreign reserves climb to $16.5 billion in February
Egypt’s foreign currency reserves have surged by $56 million in February for the fifth consecutive month, to reach…
Afreximbank pledges $1.7 billion facility to Egypt in H1
The African Export-Import Bank (Afreximbank) is to secure around $1.7 billion facility to Egypt in the first half…
