Maersk expects low ’24 earnings
Maersk said on Thursday that it expects 2024 earnings to be significantly lower than last year's level due to an…
Browsing Tag
depreciation
Swiss Holcim firm to spin off N. American business
The Swiss cement giant Holcim announced on Sunday its intention to fully spin off its North American business and…
CCC expects $8.5 bln fall in Egypt 2017 import bill
Cairo Chamber of Commerce is expecting a decrease in Egypt’s import bill ranging between $8 billion and $8.5…
Orascom Construction posts 21.7% increase in Q1 net income
Egypt-based Orascom Construction (OC) has reported a 21.7 percent increase y-o-y in its net income during the first…
Egypt Central Bank sees pound’s real exchange rate appreciating
Egypt’s improved competitiveness after November 3 floating of the currency is unlikely to be negatively affected by…
China stocks trading halted after rout
China accelerated the depreciation of the yuan on Thursday, sending regional currencies and stock markets tumbling…
Egypt pound steady at auction, stronger on parallel market
Egypt's central bank held the Egyptian pound steady at 7.73 per dollar for the third straight foreign exchange…
Dollar to hit EGP 8 by the End of June: Emirates NDB
The Egyptian pound is expected to further weaken against the US dollar, to reach EGP 8 by the end of June, if not…
Egypt Pound Will Not Collapse: Presidential Aide
The Egyptian pound will not collapse and its incremental depreciation has stabilized, a senior aide to Islamist…
