Egyptian pound sees slight moves against US dollar in early Sunday trading
The Egyptian pound showed mild fluctuations against the US dollar in early trading on Sunday, with rates hovering…
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Egyptian pound floatation
Egypt PM dismisses rumours of IMF-recommended currency float
The Egyptian government has categorically denied recent rumors suggesting that the International Monetary Fund…
Egypt’s top FX firms collect EGP 11.9b after flotation decision
The exchange firms associated with the National Bank of Egypt, Banque Misr, and Banque du Caire have collected…
Egypt FX firms’ revenues hit EGP 4.18b since flotation
Following the recent decisions by the Central Bank of Egypt, the foreign exchange companies of the three largest…
Egypt’s major FX firms collect EGP 3.5b since flotation
Egypt’s Al Ahly and Misr exchange firms have collected 3.544 billion Egyptian pounds in Arab and foreign currencies…
Egypt’s pound weakens to EGP 30.83 to dollar at midday
Egypt’s pound currency fell to EGP 30.78 for buying and EGP 30.83 for selling at some banks during midday trade on…
Egypt’s central bank records its first profit since 2016 pound float
Egypt’s central bank (CBE) made a profit in December for the first time since the devaluation of the local pound…
Foreign investors pour $925 million into Egypt since January 11: central bank
Foreign investors have transferred more than $925 million into the Egyptian foreign exchange market in the three…
Egypt’s pound hits EGP 29.76 against dollar at closing
Egypt’s pound currency has recorded EGP 29.76 against the U.S. dollar during the closing trade at banks on…
BREAKING: Egypt’s pound hits new low against dollar, nears EGP 32
Egypt’s pound currency has plunged to an all-time low of EGP 30.90 against the U.S. dollar on Wednesday after the…
Egypt’s pound inches down to EGP 27.60 against dollar in some banks
Egypt’s pound currency inched down to EGP 27.50 against the U.S. dollar for buy and EGP 27.60 for sell at banks at…
Egypt’s pound surpasses EGP 27 level against dollar at closing
Egypt’s pound currency fell to surpass the EGP 27 level against the U.S. dollar during the closing trade at banks…
Egypt’s pound nears EGP 27 against dollar in 7 banks
Egypt’s pound currency fell to EGP 26.80 for buying and EGP 26.85 for selling against the U.S. dollar during midday…
Egypt’s pound surpasses EGP 25 level against dollar in some banks
Egypt’s pound currency dropped to exceed the EGP 25 level against the U.S. dollar during the morning trade at banks…
Report: Egypt’s pound now under supply, demand forces, floatation not “accurate term”
Egypt’s pound currency is now under the forces of supply and demand since October 27 when the central bank moved to…
Hisham Ezz Al-Arab: Flexible currency helps Egypt absorb external shocks
Flexible currency makes it easier for a country to absorb external shocks, said Egyptian veteran banker Hisham Ezz…
Egypt’s pound falls to EGP 24.65 against dollar in some banks
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…
Egypt’s NBE says new high-yield CDs raise 12 bln pounds in 3 days
The National Bank of Egypt (NBE) has raised 12 billion Egyptian pounds ($518.4 million) from its high-yielding…
Egypt’s pound falls to EGP 24 against dollar in some banks
Egypt’s pound currency dropped by around 4 percent to EGP 24 against the U.S. dollar as trading resumed on Sunday,…
BREAKING: Egypt’s central bank liberalises pound currency
Egypt’s central bank decided to liberalise the exchange rate of the Egyptian pound, sending directives to the banks…
Fitch Solutions raises projections for Egypt’s GDP growth to 6.59% in 2022
Fitch Solutions has on Sunday raised its projections for Egypt’s real GDP growth in 2022 to 6.59 percent, from 6.23…
Egyptian pound slips to weakest against U.S. dollar since Nov. 2016
Egyptian pound weakened on Wednesday to its lowest against the U.S. dollar since its devaluation in November 2016.
Standard Chartered: Egypt, IMF to reach $6 billion loan deal before end of month
Egypt is expected to reach an agreement with the International Monetary Fund (IMF) “before the end of September”…
Egypt’s pound at 18.42 – 18.45 against U.S. dollar
Egypt’s pound currency has eased by 10 piasters to the U.S. dollar in midday interbank dealings on Wednesday.
National Bank of Kuwait Q4 net profit rises 45.7% in Egypt
National Bank of Kuwait (NBK), the Gulf Arab state’s largest commercial lender, posted a 45.7 percent rise in…
EXCLUSIVE: Egypt’s banks raise $7 billion since pound float move – CBE chief
Egypt’s local lenders have collected between $6.5 billion and $7 billion since Nov.3 decision to liberalise…
Egypt’s central bank hikes key interest rates by 300 basis points, floats pound…
Egypt's central bank announced Thursday it had hiked interest rates by 300 basis points in a move to rebalance…