Egypt Needs Structural Help From IMF., Not Loans, Minister Says
Egypt needs broad structural measures, not stopgap financing, as part of a package from the International Monetary…
Browsing Tag
Egyptian Pound
Blom Egypt Sets Ezz Steel Price Target At EGP 10.27/Share, Hold Rating
Blom Egypt set, in a recent study, Ezz Steel (ESRS.CA) target price at EGP 10.27 per share with Hold recommendation…
Dollar Surges To EGP 6.7858, Pound Sterling Downs To EGP 10.3365
The US dollar’s price surged on Thursday against the Egyptian pound to EGP 6.7557 (buy price) and EGP 6.7858 (sell…
Egypt Pound Forwards Advance As Foreign Reserves Beat Estimates
Egyptian pound forwards strengthened for a second day after the country’s foreign currency reserves dropped less…
Egypt’s Central Bank Offers Its 29th FX Auction, Dollar Rises To EGP 6.73
The Central Bank of Egypt (CBE) has offered US$ 40 million to local banks on Monday at its FX auction launched last…
US Dollar Halts 14-Day Steady, Hits EGP 6.77 By Week-End
The US dollar had ended this week slightly higher to reach EGP 6.74 (buy price) and EGP 6.7704 (sell price),…
Egypt To Invite IMF Team On Thursday For Loan Talks
Egypt will invite an IMF technical team on Thursday to reopen negotiations on a $4.8 billion loan deal, the state…
US Dollar Steadies At EGP6.76 In FX Firms, Hits EGP7.40 In Black Market
The US dollar’s price has slightly surged on Wednesday to EGP 6.7391 (buy price) and EGP 6.7692 (sell price),…
Citadel Seeks To Raise US$300 Mln From Divesting Non-Core Assets In 3 Years
Leading private equity firm Citadel Capital (CCAP.CA) said it hopes to raise $300 million from divesting non-core…
US Dollar Hits EGP 6.7379 On Monday
The US dollar’s price has reached on Monday EGP 6.7379 (buy price) and EGP 6.7679 (sell price), compared to…
