URGENT: Egypt has no dollar crisis, PM says amid global market volatility
Egypt has sufficient foreign currency reserves and faces no dollar shortage, Prime Minister Moustafa Madbouly said…
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Egypt’s Dollar Shortage
EFG-Hermes: Egypt financial leasing to pick up on the long run
Egypt’s financial leasing industry faces short-term challenges but will be able to pick up pace on the long run,…
Egypt receives first $1 billion tranche of World Bank loan
Egypt announced on Friday that it had received the first $1 billion tranche of a $3 billion three-year loan from…
Egyptian lender CIB lowers limits once again on debit cards
Egypt's largest listed bank, Commercial International Bank (CIB), has tightened limits on pound-linked debit cards…
Egypt central bank shuts down so far 47 currency exchange bureaus
Egypt’s central bank has shut down and revoked the licences of 47 foreign exchange bureaus so far after finding…
Sisi: Egyptians ‘very soon’ will be able to get dollars at one rate
Egyptians will "very soon" be able to purchase U.S. dollars at a unified rate, state television quoted the…
Emirates NBD Egypt reverses move to suspend credit, debit card use abroad
Emirates NBD Egypt has cancelled a decision taken earlier to suspend use of debit and credit cards abroad, its…
Shares in Egypt tumble 0.4% as dollar crisis bites
Egypt’s stock market traded lower on Tuesday; main index, EGX30 fell 0.42 percent, to 7596.96 points. Sentiment…
Emirates NBD Egypt Bank suspends credit, debit card use abroad on dollar shortage
Emirates NBD Egypt is suspending use of debit and credit cards abroad, a control intended to keep hard currency…
Moody’s bets on foreign investments in Egypt to ease dollar shortage
Despite warning about the pressures on foreign currency liquidity resulting from the dollar shortage, Moody’s has…
Cairo main index climbs 8% in week after c.bank move
Egypt’s stock market posted weekly gains worth 18.8 billion Egyptian pounds ($2.4 billion). Main index, EGX30 has…
Egypt central bank ends foreign currency caps on individuals
Egypt's Central Bank (CBE) has lifted the monthly cap on dollar deposits and withdrawal by individuals, it said in…
Egypt black-market pound climbs despite central bank’s FX bid
Egyptian pound weakened to a record Sunday despite the central bank’s $500 million exceptional foreign exchange…
Dollar shortage may force Italcementi to change regional hub from Egypt
Italian cement maker Italcementi SpA may consider moving its regional hub from Egypt if the country’s dollar…
Egypt central bank to hold exceptional $500 million FX auction Sunday
Egypt's central bank announced Sunday it would hold an exceptional auction for $500 million, pumping more foreign…
Egypt’s foreign reserves climb to $16.5 billion in February
Egypt’s foreign currency reserves have surged by $56 million in February for the fifth consecutive month, to reach…
Egypt aims to slash import bill by 25% in 2016: c.bank governor
Egypt aims to reduce its import bill by 25 percent in 2016 compared to the previous year after the central bank…
Egypt’s central bank injects dollars into banks, seeking to ease shortage
Egypt's central bank injected Sunday more foreign currency liquidity into the banking system in a surprise…
Egypt’s central bank pledges $868.5 million to revive faltering factories
Egypt’s central bank pledges to secure around 6.8 billion Egyptian pounds (US$868.5 million) dedicated for…
Egypt’s foreign reserves rose $7 million in November
Egypt's foreign currency reserves inched higher by US$7 billion to record US$16.423 billion dollars at the end of…
Egypt Central bank repays $547.2 million to foreign investors
Egypt’s central bank (CBE) said Tuesday it cleared the backlog of funds it owed foreign investors who sold local…
Egypt’s Dollar Shortage squeezes Private Wheat Importers
Egypt's currency market reforms are inflicting a heavy toll on many private sector wheat traders struggling to…