CBE Reduces Amount Offered At Dollar Auction To US$ 50 Mln
The Central Bank of Egypt (CBE) offered US$50 million to banks at a foreign currency auction on Wednesday,…
Browsing Tag
Egyptian Pound
EGX 30 Climbs 1.23%, Ends Above 5800 Pts Backed By Arab Buyers
The Egyptian Exchange (EGX) has doubled its early gains to EGP 2.31billion during Tuesday’s closing session. The…
U.S. Dollar Hits EGP 6.51 Against Pound Driven By CBE’s Auctions
Exchange market experts said the U.S. dollar hiked during Tuesday’s trading by 3 piasters to EGP 6.4819 (buy price)…
U.S. Dollar Likely To Fall Against Pound To EGP 6; Al-Hariri
Ali Al-Hariri, Deputy of Exchange Department at the Federation of Egyptian Chambers of Commerce, said the U.S.…
EGX 30 Hits 5765 Pts, Indices Opened Mixed; Tuesday
During Tuesday’s opening session, the Egyptian Exchange (EGX) has posted gains of EGP 340 million. The capital…
Egypt Reserves Steady, Despite “Critical” Warning
Egypt's central bank said on Sunday its foreign reserves were barely changed in December, despite alarming…
El-Abyad: Dollar Likely To Fall To EGP 6.35 In 2 Weeks
Mohamed Hassan El-Abyad - head of the Foreign Exchange Section at the Federation of Egyptian Chambers of Commerce –…
IMF Aide To Visit Egypt Monday To Discuss $4.8 Billion Loan Request
A senior International Monetary Fund official is set to meet with Egyptian leaders on Monday to discuss the $4.8…
Oriental Weavers Sales To Witness Some Boost As Pound Weakens; Expert
Oriental Weavers Co. – OW (ORWE.CA), which exports most of its products to the U.S., rose to the highest level in…
Fitch Says Egypt’s New FX Regime Positive Step In Tough Circumstances
Fitch Ratings stated in a report issued on Thursday that Egypt's new exchange rate regime has brought greater…
