Citadel Capital Sees Higher Revenues From Egyptian Currency Depreciation
Leading private equity firm Citadel Capital (CCAP.CA) said it hopes to raise $300 million from divesting non-core…
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Egyptian Pound
Egypt’s Central Bank Weekend Report Says US Dollar Hits EGP 6.76
In its weekly report on the foreign currencies exchange rates against the Egyptian pound, Egypt’s Central Bank said…
Dollar Ends Week Flat For 5th Day At EGP 6.76
The exchange rate of US dollar by the end of this week remained with stable for the fifth day in a row at EGP 6.73…
Port Said Protests Threaten Suez Canal Operations: New York Times
Thousands of demonstrators shut down the administrative buildings of the Suez Canal terminal in the city of Port…
Egypt Pound Will Not Collapse: Presidential Aide
The Egyptian pound will not collapse and its incremental depreciation has stabilized, a senior aide to Islamist…
Egypt Pound Hits Record Low After Forex Auction
Egypt's pound weakened to a record low against the dollar in interbank trade after a foreign currency sale on…
Dollar Inches EGP 0.1 Higher On Central Bank’s 21st FX Auction
As Egypt’s Central Bank has offered its 21st FX auction, the U.S. dollar’s exchange rate for Wednesday rose to EGP…
US Dollar Stable At EGP 6.74 On Not Offering FX Auctions
As Egypt’s Central Bank has not offered its 21st FX auction, the exchange rate of the U.S. dollar has witnessed…
Egypt Must Keep Economic Reforms In Line With Political Imperatives: IMF
The International Monetary Fund will resume talks with Egypt over a proposed $4.8 billion loan once Cairo ensures…
Trade Conditions Weaken Egypt Textiles; FT Report
The slide in the value of the Egyptian pound since December is good news for the textile industry, but its impact…
