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),…
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devaluation
Uproar in Egypt over hike in mobile recharge cards
Egyptians are angry over a government decision to ratify a 36-percent devaluation of mobile phone balance recharge…
Egyptian print journalism faces potential collapse due to high print prices
Several local media outlets in Egypt have echoed their outrage over the decision to raise newspaper printing…
Egypt’s main stock index climbs 1.2% in week
Egypt’s main index, surged 1.2 percent in a week, closing at 11353 points, compared to 11221 points by the end of a…
State of uncertainty over devaluing Egyptian pound after Sisi-CBE governor meeting
A state of uncertainty over the timing of the devaluation of Egyptian pound by the Central Bank of Egypt (CBE)…
Now is not the time to float Egyptian pound: c.bank governor
Egypt's central bank governor stated on Wednesday that it was not the right time to talk about floating the…
South Africa jumps Egypt to become, once again, 2nd biggest economy in Africa
South Africa is once again the second-biggest economy on Africa as it reclaims the position from Egypt – and…
Why Africa’s next currency devaluation may be in Egypt: Bloomberg
Two weeks after Nigeria, Africa’s biggest economy, allowed the naira to weaken, Egypt’s central bank governor Tarek…
Egypt due for another devaluation in 2016/17: economists
As Egypt's foreign currency shortage intensifies and the gap between official and unofficial currency rates…
Medicines price rise does not commensurate with Egyptian pound devaluation
The increase applied to medicines does not commensurate with the devaluation of the Egyptian pound, said deputy…
