EGX 30 Opens 0.27% Lower On Local, Arab Selling Pressures
During Thursday’s opening session, the Egyptian Exchange has incurred losses of EGP 289 million driven by local and…
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Egypt’s foreign reserves
EGX 30 Ends Wednesday’s Session Below 5700 Pts On Foreign Sellers
The Egyptian Exchange (EGX) has ended Wednesday’s session posting losses of EGP 3.57 billion driven by foreign…
EGX 30 Drops 1.44% Driven By Egypt’s Foreign Reserves Data; Midday
During Wednesday’s midday session, the Egyptian Exchange has incurred losses of EGP 2.75 billion driven by foreign…
EFG-Hermes Downgrades USD-EGP Forecasts To EGP 7.75 By June
In a report issued on Wednesday, EFG-Hermes (HRHO.CA) has downgraded its forecast for the official USD-EGP exchange…
Hisham Ramez Calls For Lifting Ban On Traveling With $10,000 To Egypt
The newly-appointed Governor of the Central Bank of Egypt (CBE) Hisham Ramez stated that the economy’s problem is…
Egypt’s Foreign Reserves Fell To US$ 13.6 Bln, Registering Record Since 1990s
Egypt’s foreign reserves retreated to US$ 13.613 billion at the end of last January, compared with US$ 15.014…
US$12.8 Bln Foreign Investments Flee Egypt In 2011, 2012: CBE
The Central Bank of Egypt (CBE) stated that foreign investors divested US$ 12.839 billion from the Egyptian market…
CBE Reveals Foreign Currency Funds’ Usages In 2011, 2012
The Central Bank of Egypt (CBE) revealed the uses of the foreign currency funds allocated by the government for…
Fitch Cuts Egypt’s Long-Term Foreign Currency Issuer Default Rating
Fitch Ratings has downgraded Egypt's Long-term foreign and local currency Issuer Default Ratings (IDRs) to 'B' from…
Al Baraka Bank Launches New Deposit Account Scheme To Attract Dollar Liquidity
Al Baraka Bank of Egypt is set to launch a new savings pool to encourage individuals to transfer their dollar funds…