Banks 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…
Egypt News 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…
Banks 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…
Banks 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.
Banks Standard Chartered: Egypt, IMF to reach $6 billion loan deal before end of month Amwal Al Ghad English Sep 15, 2022 0 Egypt is expected to reach an agreement with the International Monetary Fund (IMF) “before the end of September”…
Banks Dollar climbs to strongest since Dec. 2016 vs Egyptian pound Mostafa Mahmoud Aug 2, 2022 0 The U.S. dollar strengthened further against the Egyptian pound on Tuesday, trading at 19.07 against the Egyptian…
Banks National Bank of Egypt raises $11 billion from high-yield certificates in 9 days Mostafa Mahmoud Mar 29, 2022 0 Egypt’s biggest state lender, the National Bank of Egypt (NBE) has raised 200 billion Egyptian pounds ($10.9…
Banks Egypt’s newest savings certificates are ‘temporary’, to be deactivated soon – sources Dina Abdel Fattah Mar 22, 2022 0 Egypt’s new high-yield savings certificates are part of “temporary and exceptional” procedures and will not last…
Banks Egypt’s pound depreciation to grab foreign capital outflows, allows smoother IMF path:… Amwal Al Ghad English Mar 21, 2022 0 Egypt’s move to depreciate its pound will arrest foreign-capital outflows and boost the nation’s chances of winning…
Banks As pound devalues, Egypt to adjust customs dollar exchange rate to 16 per dollar Mostafa Mahmoud Mar 21, 2022 0 Egypt will begin setting its dollar exchange rate for customs to 16 percent as of end of April, said Minister of…