Fitch says Egypt pound devaluation ‘credit positive’, economic challenges remain
Decisions by the Central Bank of Egypt (CBE) last week, including a devaluation of the Egyptian pound, are broadly…
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Egyptian Pound
Egypt’s central bank to hold foreign exchange auctions once a week
Egypt's central bank will from now on offer one foreign currency auction per week, on Tuesdays, when it will sell…
Egypt main index soars 14% in currency-devaluation week
Egypt’s main index EGX30 jumped 14 percent in a week, rising above its 200-day average for the first time since…
JP Morgan sees devaluation of Egyptian Pound by 35% in 2016
US-based financial services firm, JP Morgan forecasts that the Egyptian pound will be devalued by 35 percent in…
BREAKING: Egypt’s central bank raises key interest rates by 150 basis points
Egypt’s central bank has decided to raise interest rates by 150 basis points during its monetary policy meeting…
What will Egypt’s flexible exchange rate look like? – Reuters
Egypt's decision to make the exchange rate more flexible will return the central bank to the managed float in use…
Egypt stock market 1.94% up in post-devaluation rally
Egypt’s stock market continued to rally Tuesday posting gains worth 7.1 billion Egyptian pounds ($793.5 million)…
Egypt central bank holds pound steady at 8.85 per USD at special auction
Egypt's central bank will hold the Egyptian currency steady at 8.85 pounds per dollar at an exceptional foreign…
Economists hail Egyptian Pound devaluation, flexible exchange rate
Economists and bankers have welcomed the Central Bank of Egypt's decision to adopt a more flexible exchange rate…
Egypt main index hits highest since July 2013 after currency devaluation
Egypt’s main index, EGX30 touched its highest since July 2013 following the central bank's move to partially…