Egyptians rush to invest in property to counter the local currency’s slide
Investors clamour for real estate in face of Egypt’s weak currency and struggling economy When an Egyptian real…
Browsing Tag
Egyptian Pound
Egypt’s annual urban consumer price inflation climbs to 12.3% in May
Egypt's annual urban consumer price inflation climbed to 12.3 percent in May from 10.3 percent in April, the…
Egyptian pound vs global currencies at early trade: NBE
The table below demonstrates the exchange rates of a number of key Arab and foreign currencies against the Egyptian…
Egypt stock market starts new month 3.11% lower
Egypt’s bourse, reopened after two days of public holidays, ended lower Tuesday after the local currency slipped…
Interview: Egypt may become Canon’s African hub
Japan's Canon Inc is studying establishing a new regional office to serve North, South and Central Africa regions.…
Egypt central bank currently has no intention to devalue pound
As Egypt faces a dollar crisis, the Central Bank of Egypt (CBE) says it has "no intention" of devaluing the…
Egyptian pound continues decline on black market
The Egyptian pound dropped again against the dollar on the black market on Wednesday, extending its recent decline…
Egyptian pound weakens to record low against dollar on black market
The Egyptian pound dropped to an unprecedented low on the black market Monday, five traders said, as hard currency…
Egypt sold $500 mln in T-bills, bonds since devaluation,anticipates billions more
Investments in Egyptian treasury bills and bonds increased by $500 million since the Egyptian pound was devalued…
If Egypt wants IMF deal, it needs to get serious about economic reform
When Egypt’s central bank devalued the pound on March 14, it prompted some economists to speculate that the…