Egypt’s economic outlook improves – poll
Egypt’s economy grew by an estimated 4.0 per cent in the fiscal year ending June 2024, slightly higher than the 3.8…
Browsing Tag
currency devaluation
ECB rate cut could face delays – Holzmann
European Central Bank Governing Council member Robert Holzmann signalled that the next interest rate cut might be…
S&P expects rising sovereign debt defaults next decade
S&P Global Ratings anticipates an increase in foreign-currency debt defaults among sovereign issuers over the…
Egypt’s growth outlook cut to 4% – poll
Egypt's economic growth is expected to be lower than earlier anticipated this year, as per a Reuters poll released…
Argentina slashes benchmark rates to 80%
Argentina’s central bank has reduced its benchmark interest rate from 100 per cent to 80 per cent, which aligns…
Turkey textile makers mull shift to Egypt
Turkish textile manufacturers are considering shifting their manufacturing investments to Egypt due to currency…
Nigeria, Egypt currency depreciations depress Africa insurance premium: AIO
There are indications that currency devaluation such in Egypt and Nigeria, is taking huge toll on Africa’s…
Egypt’s pound shows Nigeria must overcome its fear of floating free – Reuters
A currency devaluation may do little to fix Nigeria's problems unless it follows the examples of emerging market…
Cairo stocks end week in record volume on signs of dollar inflows
Egypt’s stock market jumped in record volume on Thursday triggered by signs that hard currency was flowing into the…
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…
Devaluation surge ends, Egypt stocks slump on Monday
Egypt’s stock market pared its advance on Monday after two sessions of strong gains. Main index, EGX30 tumbled 0.15…
Japan rules out FX devaluation, signals action vs abrupt yen surge
Japan will refrain from competitive currency devaluations but retains the right to act against short-term yen…
Egypt stocks extend correction over profit-taking
Egypt’s main index, EGX30 dropped Tuesday extending the correction which started at the end of last week. Investors…
Fitch: currency devaluation ‘moderately positive’ for Egyptian banks in long term
The recent devaluation of the Egyptian pound against the US dollar will likely be supportive of foreign currency…
Egypt stock market 1.94% up in post-devaluation rally
Egypt’s stock market continued to rally Tuesday posting gains worth 7.1 billion Egyptian pounds ($793.5 million)…
Currency devaluation not to affect Egypt’s imports: minister
The devaluation of the Egyptian pound will not increase the prices of the country’s imports, which are estimated at…
Etisalat Egypt Q1 Revenues down
Etisalat Egypt’s first quarter (Q1) revenues declined by approximately EGP 16m, registering AED 1.07bn (EGP 2.22bn)…
Egyptian Imports’ Bill Records EGP12 Bln Lower In 4 Months
Egypt's Foreign Trade sector has unveiled to "Amwal Al Ghad" that the Egyptian imports throughout January-April…
Official Data: Egypt’s Trade Deficit Hit EGP17 bln In Jan
The deficit of Egypt's trade of balance recorded as to EGP17 billion in January 2013 on account of the wide gap…
Egypt’s Govt Allocates EGP1.6 bln To Purchase Wheat
The Egyptian government allocated EGP 11 billion to buy 4.5 million tons of wheat from the farmers this year. This…