Money Report: Egypt’s pound now under supply, demand forces, floatation not “accurate term” Yomna Yasser Dec 21, 2022 0 Egypt’s pound currency is now under the forces of supply and demand since October 27 when the central bank moved to…
Money Hisham Ezz Al-Arab: Flexible currency helps Egypt absorb external shocks Yomna Yasser Dec 18, 2022 0 Flexible currency makes it easier for a country to absorb external shocks, said Egyptian veteran banker Hisham Ezz…
Feature Egypt’s pound falls to EGP 24.65 against dollar in some banks Yomna Yasser Dec 6, 2022 0 Egypt’s pound currency fell to EGP 24.59 against the U.S. dollar for buying and EGP 24.54 for sale at banks on…
Money Egypt’s PMI index at 45.4 in November amid inflationary pressure: S&P Global Yomna Yasser Dec 5, 2022 0 Egypt’s Purchasing Managers’ Index (PMI) for the non-oil private sector hit the second lowest level since June 2020…
Banks Egypt’s NBE says new high-yield CDs raise 12 bln pounds in 3 days Amwal Al Ghad English Oct 30, 2022 0 The National Bank of Egypt (NBE) has raised 12 billion Egyptian pounds ($518.4 million) from its high-yielding…
Feature Egypt’s pound falls to EGP 24 against dollar in some banks Amwal Al Ghad English Oct 30, 2022 0 Egypt’s pound currency dropped by around 4 percent to EGP 24 against the U.S. dollar as trading resumed on Sunday,…
Money BREAKING: Egypt’s central bank liberalises pound currency Yomna Yasser Oct 27, 2022 0 Egypt’s central bank decided to liberalise the exchange rate of the Egyptian pound, sending directives to the banks…
Money Fitch Solutions raises projections for Egypt’s GDP growth to 6.59% in 2022 Amwal Al Ghad English Oct 16, 2022 0 Fitch Solutions has on Sunday raised its projections for Egypt’s real GDP growth in 2022 to 6.59 percent, from 6.23…
Money Egypt c.bank to allow new derivatives to build market for currency hedging Amwal Al Ghad English Oct 9, 2022 0 Egypt’s central bank will allow new currency derivatives to unlock liquidity in the local market, making available…
Feature Egyptian pound slips to weakest against U.S. dollar since Nov. 2016 Fatma Nashaat Sep 21, 2022 0 Egyptian pound weakened on Wednesday to its lowest against the U.S. dollar since its devaluation in November 2016.