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)…
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Egyptian Pound
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…
Egyptian Pound’s Decline ‘Not End Of World’, Boosting Production Is Must
The crisis is not in the jump in the U.S. dollar exchange rate against Egyptian pound but in the collapsing economy…
Egyptian Pound Hits New Low Amid Doubts Over Economy
The Egyptian pound fell to record lows and debt insurance costs soared on Wednesday despite assurances by the…
