Egypt’s inflation hikes to 32.7% in March – CAPMAS
Egypt's annual urban consumer inflation rate surged to 32.7 percent year-on-year in March, up from 31.9 percent in…
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egypt’s currency
Hassan Abdalla: Egypt’s central bank plans to launch currency hedged indicator
Egypt's central bank plans to launch a currency hedged indicator as part of a hedging mechanism to protect against…
Egyptian companies’ profits hike on benefits of currency float: Bloomberg
For any central bank balking at freeing up its currency for the fear of inflicting pain on the economy, the…
Sisi: Egyptian pound will strengthen over coming months
Egyptian President Abdel Fattah al-Sisi said Thursday that the country's currency, the pound, was not valued fairly…
Egypt’s currency float move to spur foreign investments: market regulator
Egypt’s move to freely float the local pound will contribute to support and boost non-banking financial activities,…
IMF expects board to consider Egypt $12 billion loan within weeks
The International Monetary Fund announced Thursday that a $12 billion loan programme for Egypt should soon be ready…
Egyptian pound hits record low to 12.90 against dollar on black market
Egypt’s currency has weakened to a record low of 12.90 against the dollar on the black market on Sunday, as the…
Egypt central bank partially devalues Egyptian pound to 8.85 per dollar
Egypt's central bank has partially depreciated the Egyptian pound to 8.85 per dollar from 7.73 in an exceptional…
BoA Merrill Lynch holds Egypt at ‘Marketweight’
Bank of America Merrill Lynch said Sunday it would hold Egypt at Marketweight as lower oil prices ease fiscal…
Currency devaluation not to affect Egypt’s imports: minister
The devaluation of the Egyptian pound will not increase the prices of the country’s imports, which are estimated at…
BREAKING: Egypt devalues local currency fourth time in 2015
Egypt’s central bank has allowed Sunday the Egyptian pound to weaken in its latest dollar sale to 7.9301 per dollar…
Capital Intelligence Affirms Egypt’s Currency Sovereign Ratings At ‘B-‘
Capital Intelligence (CI), the international credit rating agency, announced that it has affirmed Egypt's Long-Term…
Large Swiss Traders Dominate Fuel Sales To Egypt
Egypt is relying increasingly on large Swiss trading houses for fuel supplies as it struggles to avoid energy…
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…