Featured Standard Chartered sees Egypt’s pound at 49 per dollar by end-2026 Yomna Yasser Jun 10, 2026 0 Standard Chartered expects Egypt's pound to strengthen against the US dollar by the end of the year, supported by…
Banks EGP climbs vs US dollar at Tuesday’s close M.S. Salama Jun 10, 2025 0 The CBE reported an average buying rate of EGP 49.4714 per dollar and a selling rate of EGP 49.5694, compared to…
Featured EGP edges down vs USD on Thursday M.S. Salama May 22, 2025 0 The Egyptian pound (EGP) edged down against the US dollar (USD) on Thursday, May 22, 2025, according to data from…
Featured EGP stable vs USD in early Tuesday trade M.S. Salama May 20, 2025 0 The Egyptian pound (EGP) almost stable against the US dollar (USD) during early trading on Tuesday, May 20, 2025.
Featured EGP fluctuates against USD in early Sunday trade M.S. Salama May 18, 2025 0 The Egyptian pound (EGP) fluctuated against the US dollar (USD) during early trading on Sunday, May 18, 2025.
International News Japanese automakers face challenges in key markets Nada Ali Aug 8, 2024 0 Japanese automakers are grappling with declining sales in crucial markets like China and Thailand.
Featured EGP closes slightly down against USD on Thursday M.S. Salama Aug 8, 2024 0 The Central Bank of Egypt (CBE) reported the average exchange rates for the US dollar (USD) against the Egyptian…
Featured Egypt’s FX up 200%, remittances double – CBE Aya El Sayed Jul 22, 2024 0 A senior source at the Central Bank of Egypt (CBE) revealed a massive growth in foreign exchange inflows to the…
News EU: none of non-euro countries meet criteria for eurozone Aya El Sayed Jun 26, 2024 0 The European Commission announced on Wednesday that none of the six European Union (EU) countries that have yet to…
Featured Switzerland’s GDP surges Aya Anwar May 30, 2024 0 Switzerland’s economy "unexpectedly maintained momentum" at the start of the year on services and private…
Featured IMF urges swift reforms for Lebanon Aya Anwar May 23, 2024 0 Lebanon needs economic reforms to address the deepening crisis, as highlighted by the International Monetary Fund…
Financial Institutions IMF approves $1,15m loan to Bangladesh Nada Ali May 9, 2024 0 The International Monetary Fund (IMF) announced a staff-level agreement to provide Bangladesh with $1,15 million.
Financial Institutions Egypt’s top FX firms collect EGP 11.9b after flotation decision Nada Ali Apr 8, 2024 0 The exchange firms associated with the National Bank of Egypt, Banque Misr, and Banque du Caire have collected…
Featured Egypt FX firms’ revenues hit EGP 4.18b since flotation Aya El Sayed Mar 20, 2024 0 Following the recent decisions by the Central Bank of Egypt, the foreign exchange companies of the three largest…
Featured China boosts liquidity via ¥5b reverse repo Aya El Sayed Mar 19, 2024 0 The People's Bank of China (PBC) announced on Tuesday that it injected 5 billion yuan into the banking system…
Money Egypt’s major FX firms collect EGP 3.5b since flotation Nada Ali Mar 19, 2024 0 Egypt’s Al Ahly and Misr exchange firms have collected 3.544 billion Egyptian pounds in Arab and foreign currencies…
Money Swiss National Bank to start rate cuts earlier than expected Aya Anwar Mar 18, 2024 0 The Swiss National Bank (SNB) is anticipated to initiate interest rate reductions earlier than previously…
International News Google Malaysia apologises for misquoting currency Nada Ali Mar 18, 2024 0 Google Malaysia apologised for misquoting the ringgit's exchange rate against the dollar after the central bank had…
Egypt News Egypt’s monetary policy heads in right path – Ezz Alarab M.S. Salama Mar 15, 2024 0 Egypt's monetary policy is heading in the right path, according to Hisham Ezz Alarab, Board Chairman of Egypt's…
Banks China infuses RMB 3b to sustain liquidity Aya El Sayed Mar 13, 2024 0 The People’s Bank of China announced on Wednesday that it conducted reverse repo operations with a total value of…
Featured Egypt’s PM praises CBE’s decisions Aya Anwar Mar 6, 2024 0 Mostafa Madbouly commended the Central Bank’s decisions amid transitioning towards a flexible framework for…
Featured Egyptian pound rises in parallel market Aya El Sayed Feb 5, 2024 0 The Egyptian pound (EGP) has seen a significant rise in value on the local black market for U.S. dollars (USD),…
MENA News Lebanese lira hits a new low against US dollar Yassmine Elbehnaihy Mar 14, 2023 0 The Lebanese currency hits record low against the US dollar, 95,000 lira to one dollar, on Monday, CNN reported.
Money ‘Flexible exchange rate’ more preferable for Egypt economy – minister Fatma Ibrahim Sep 6, 2022 0 Egypt’s government prefers now a more flexible exchange rate to support an economy that has come under pressure…
The Watch Key global currencies rates in Egyptian banks on 19 August aya salah Aug 19, 2020 0 Amwal Al Ghad on Wednesday demonstrates the exchange rates of key global currencies; U.S. dollar, Euro, Saudi…
Featured U.S. dollar exchange continues downward trend in Egyptian banks Amwal Al Ghad English May 27, 2019 0 U.S. dollar exchange rate continued its downward trend during transactions at major banks on Sunday.
Money Egypt denies media reports on fixing dollar price in 2018/19 state budget aya salah Mar 28, 2019 0 Egypt's Finance Ministry denied media reports about fixing price of the exchange rate of the US dollar in the…
Featured US dollar exchange rate continues to decline in Egypt Amwal Al Ghad English Mar 21, 2019 0 US dollar exchange rate continued its decline against the Egyptian pound on Wednesday morning for the third day in…
Banks Pharos expects Egypt’s c.bank to lower interest rates in March Amwal Al Ghad English Feb 14, 2019 0 Pharos Holding expected that Central Bank of Egypt (CBE) will cut interest rates by one percent within March.
Financial Institutions Dollar stable at major banks after wave of drops against EGP Amwal Al Ghad English Jan 30, 2019 0 The exchange rate of US dollar was relatively stable during morning transactions on Tuesday at major banks after a…
Featured Egypt to apply fuel price indexation on 95 octane gasoline starting April Amwal Al Ghad English Jan 8, 2019 0 Egypt's Ministry of Petroleum said a new automatic price indexation mechanism on fuel - set to start in April -…
Financial Institutions No significant change in exchange rate in 2019: Egypt’s EFG Hermes Amwal Al Ghad English Jan 3, 2019 0 EFG Hermes, a leading financial group and one of the biggest investment banks in Egypt, has ruled out any…
Financial Institutions Egypt to adjust customs’ duties on luxury goods to benefit economy Amwal Al Ghad English Dec 9, 2018 0 Egypt's Finance Ministry’s decision to adjust the customs dollar exchange rate for non-essential goods, tying it to…
Banks Egypt’s Banque du Caire nets $22 bln in 22 months Amwal Al Ghad English Oct 21, 2018 0 Egypt's state-run lender Banque du Caire’s US dollar proceeds exceeded $22 billion since the liberalisation of the…
Financial Institutions Egypt’s Finance Ministry dismisses reports of exchange rate 17.5 pounds to 1 USD Yomna Yasser Mar 7, 2018 0 Sources at the Egyptian Ministry of Finance denied that the government has fixed the exchange rate for EGP to USD…
forex news US dollar maintains prices against Egyptian pound Yomna Yasser Jan 15, 2018 0 U.S. dollar exchange rate against the Egyptian pound maintained prices during Sunday’s dealings in the banking…
Industry & Trade Egypt’s Cabinet approves signing 30mn pounds contract due to drug shortages Yomna Yasser Jan 11, 2018 0 Egypt's Minister of Housing and Health, Ahmed Emad, stated, on Wednesday, that the ministerial Cabinet has given…
Banks Remittances rise to $24.2 since liberalization of exchange rate: CBE aya salah Dec 20, 2017 0 The Central Bank of Egypt (CBE) announced that remittances from Egyptian expatriates increased to $24.2…
Financial Institutions Egypt’s debt hits 3.7 trillion pounds in 2017: minister Yomna Yasser Nov 16, 2017 0 Egypt’s Minister of Finance Amr El-Garhy said on Tuesday that the country’s internal and external debt totalled…
Industry & Trade Egyptian exports to Kenya jump 30% in H1 Yomna Yasser Oct 25, 2017 0 Egypt racked up $170 million worth of exports to Kenya during the first half of 2017, according to a new…