Indian c. bank likely sells dollars to stem rupee’s slide
The Indian central bank probably sold dollars to curb the rupee's decline after it reached an all-time low on…
Browsing Tag
dollars
Nigerian firms address dollar debt amid latest CBN reforms
Nigerian firms are addressing overdue dollar commitments following central bank reforms that bolstered liquidity in…
Egypt’s FRA launches dollar-based pension plan for expatriates
Egypt’s Financial Regulatory Authority (FRA) launched on Tuesday the first pension plan in U.S. dollars for…
Egypt expects higher dollar demand as it repays debt
Egypt will have to repay $14.7 billion this year to international creditors, including Arab countries that…
Asian markets recover after Italian political concerns ease
Asian markets made moderate gains on Thursday as global stocks recovered after recent fears about Italy faded.
Days of Egyptian pound’s stagnation numbered: Bloomberg
Financial news website Bloomberg reported on Monday that the days of the stagnation of the Egyptian pound may be…
Egyptian imports from EU fall to $3.9 bln in Q4-FY2016/17
Egypt’s imports from the European Union decreased at the end of the fourth quarter of last financial year to reach…
Asian stocks decline following Wall Street reversal; bitcoin nurses losses
Asian markets traded in negative territory early on Wednesday after Wall Street reversed a triple-digit point gain…
Bitcoin surges above $6,000 for the first time on heavy trading volume
Bitcoin surged by five percent to a record high above $6,000 on high trading volume Friday. The cryptocurrency hit…
EU-U.S. data pact faces first major test of credibility
A pact underpinning billions of dollars of transatlantic data transfers will undergo its first annual review on…
Developments of Egypt’s giant gas field Zohr hit 83.5% in August
Developments in Egypt's giant gas field Zohr reached 83.5 percent in August, the county’s Petroleum Ministry said…
Chinese-funded electric train to run to Egypt new capital city
Egypt is set to embark on a $255 million electric train project that will run to the country's planned new…
Asian markets gain after Wall Street closes up as Yellen comments digested
Most Asia markets advanced in Thursday trade as markets parsed through Federal Reserve Chair Janet Yellen's…
Egypt to launch Cairo Pass package for unlimited access to touristic sites
From November, foreign visitors to Egypt can buy a ‘Cairo Pass’ which will allow them unlimited entry to…
Melania Trump’s pricey jacket draws attention in Sicily
Melania Trump's first outing in the Sicilian sunshine was in a colorful floral applique jacket by Dolce &…
Newly-discovered gas fields for around $3.6 bln yearly: Egypt’s Sisi
Egyptian President Abdel Fattah al-Sisi said he expected that recently discovered gas fields would save Egypt…
Asian markets mixed, Australia’s Reserve Bank leaves cash rate unchanged as expected
Asia markets traded mixed on Tuesday as most major exchanges outside of Tokyo resumed after being shut for a public…
Decision to block Red Sea islands transfer to Saudi Arabia is void: Egypt’s court
Egypt's Court of Urgent Matters ruled on Sunday that a judicial decision to block the transfer of two Red Sea…
American University in Cairo no longer requires tuition in dollar
American University in Cairo has said Tuesday it will now be accepting tuition fees from students entirely in…
AUC must collect tuition fees in Egyptian pounds: court
An Egyptian court has ordered the American University in Cairo (AUC) to collect all tuition fees from local…
Egypt’s banks cleared to repatriate foreign firms’ long-held profits
Egyptian banks are set to allocate about a quarter of their excess hard currency to foreign firms seeking to…
Snap to price long-awaited IPO on Wednesday amid signs of brisk demand
Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U.S. stock…
Egypt’s central bank, investors reach deal to settle pre-float credit lines: bankers
Egypt's central bank has agreed with Egyptian investors to settle credit lines opened before it floated the pound…
States that Trump won have lion’s share of Obamacare subsidies to lose
They gave Donald Trump the White House — and now the president-elect could take billions of dollars in Obamacare…
Central bank of Egypt lets banks allocate more dollars to clients: bankers
Egypt's central bank has told banks they may allocate dollars to a wider range of clients, bankers have told…
Australian shares lead broad losses across Asia; Ardent Leisure tumbles 15%
Australian shares led widespread losses in Asia-Pacific on Wednesday, with shares of Ardent Leisure, operator of…
CBE fixes US dollar at EGP 8.78, launches regular auction with $120m
The Central Bank of Egypt (CBE) launched Tuesday its regular weekly auction to sell US dollars to banks, asserting…
Egypt chooses 4 banks to offer Egyptian dollar bonds in international markets
The Ministry of finance has chosen yesterday 4 international investment banks to offer Egyptian dollars bonds in…
Buy a full ‘Pokemon Go’ account for $999,999
The runaway popularity of "Pokemon Go" has opened up a lucrative market. People who sell gaming accounts online are…
Egypt aims to slash import bill by 25% in 2016: c.bank governor
Egypt aims to reduce its import bill by 25 percent in 2016 compared to the previous year after the central bank…
Dollar steadies, commodity currencies lose steam as crude rebound fizzles
The dollar held steady against a basket of currencies on Wednesday following a rise in U.S. debt yields, while the…
The Economist: Egypt’s foreign reserves; Dwindling dollars
Facing a shortage of foreign exchange, Egypt allows its currency to fall. Despite the government’s best efforts,…
Venezuela’s currency woes an increasing threat to U.S. corporate profits
Venezuela's deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency…
Egyptian Pound Steady on Official, Weaker on Black Market
Egypt's pound held steady at a central bank dollar sale on Monday, when the bank said it sold $37.4 million at a…
Brent exceeds 122 Dollars as financial markets gain
Crude oil exceeded 122 $ on Wednesday after two days of losses following the gains in financial markets as a result…
Oil drops for the second day
Oil dropped for a second day in New York on growing speculation that demand may be curbed by a rally that has…