EGX 30 Nears 5500 Pts; Opening
During Monday’s opening session, the Egyptian Exchange (EGX) has posted gains of EGP 1.3 billion backed by foreign…
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Egyptian Pound
Egypt’s Prime Minister Says Govt Not To Float Currency
Egypt’s Prime Minister Hisham Kandil said the government is not planning to float the Egyptian pound amid the…
Egypt’s Central Bank: Reserves At “Critical” Level
The Central Bank of Egypt says the country's foreign currency reserves are at a "critical" minimum level. The bank…
US Dollar Hikes EGP 0.4 In Week, Differing Views On CBE’s Intervention
A number of exchange market experts asserted that the U.S. dollar has recorded an increase in a week ranging…
Cabinet Resignations Deal Setback For Egypt’s Morsi
An Islamist minister quit Egypt's government on Thursday, the second cabinet resignation this week, as President…
U.S. Dollar Hikes To Ten-Year High Against Egyptian Pound
The U.S. Dollar is trading on Thursday at the highest levels against the Egyptian Pound in almost 10 years. The…
Egyptian Pound’s Fall Negatively Affects Insurance Market: Experts
Insurance experts affirmed that the unstable value of the dollar will affect negatively on economy in general and…
Referendum Initial Results; Short-Term Positive Outlook For EGX: Experts
A number of capital market experts expects that the constitutional referendum initial results will have a…
Egyptian Pound To Sharply Drop, Inflation To Hike In 2013: Economist
The Egyptian Pound (LE) is under severe pressure and will continue to drop in value after the postponement of the…
CBE Likely To Intervene As Dollar Sets New Record Against Egyptian Pound
The U.S. Dollar is trading on Thursday at the highest levels against the Egyptian Pound in 9 years. The Egyptian…