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…
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Egyptian Pound
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…
IMF Loan To Egypt Delayed Amid Political Turmoil
A vital $4.8 billion International Monetary Fund loan to Egypt will be delayed until next month, its finance…
Egypt Has Yet to Present Reform Plan, IMF Says
The Egyptian government has yet to present a detailed economic reform program to the International Monetary Fund,…
