CBE imposes sanctions on 28 exchange companies during 2018
The Central Bank of Egypt (CBE) imposed punishments on 28 foreign exchange companies for violating rules during…
Browsing Tag
Exchange
Palestinian militants agree truce after exchange of fire with Israel
The Israeli frontier with Gaza fell silent on Saturday under what Palestinians described as an Egyptian-mediated…
Saudi Arabia and Egypt sign MoU for oil experience exchange
Egypt and Saudi Arabia have signed a memorandum of understanding (MoU) for the exchange of petroleum and mining…
Egypt to maintain customs exchange rate at 16 pounds per $1 for 6 month in a row
Egypt has decided to maintain its current customs exchange rate of EGP 16 per $1, effective in April, for the…
Egypt to maintain customs exchange rate at 16 pounds per $1 in March
Egypt will maintain its current customs exchange rate of 16 Egyptian pounds per 1 US dollar, effective until the…
Stocks end lower as selling accelerates into the close; S&P still posts best year…
U.S. stocks closed lower Friday, the last trading day of the year, with no S&P 500 sectors ending higher. The…
Bitcoin blasts to new all-time high of $6,450
Bitcoin climbed to a new all-time high of $6,450 on Wednesday, boosted by bets the cryptocurrency could enter the…
Europe closes higher as S&P hits record; STOXX 600 up 2% for the quarter; VW shares…
European stocks closed higher on Friday afternoon, on the last trading day of the quarter, amid improved global…
ISIS ceasefire deal convoy reaches east Syria: Hezbollah-run media
A convoy of Islamic State fighters and their families reached an exchange point in eastern Syria on Tuesday, a…
U.S. dollar maintains price in Egyptian banks
The US exchange rate against the Egyptian pound maintained its rates within bank dealings on Sunday. According to…
Egyptian-African trade volume jumps to $4.8 billion in 2016
Commercial ties between Egypt and African nations viewed an increase in 2016, while trade volume reached to almost…
Egyptian currency float boosts foreign investment: chairman
Foreign investors have bought a net 11 billion Egyptian pounds ($615.90 million) worth of shares since the country…
HC expects fall in US dollar to hit 15.72 Egyptian pounds at end-FY2017/18
HC Securities and Investment expected Tuesday that U.S. dollar's exchange rate will drop to 15.72 Egyptian pounds…
Egypt’s CBE obliges banks to not deal with over 7 exchange bureaus
The Central Bank of Egypt (CBE) issued directives to banks operating in the Egyptian market to not deal with more…
Stocks close lower as Wall Street braces for French election
U.S. stocks closed lower in choppy trade Friday as investors looked ahead to the French election. Wall Street also…
U.S. stocks close mostly flat despite Syria attack, mixed jobs report
Stocks closed flat Friday as investors parsed through a mixed employment report, a U.S. airstrike in Syria and…
Egypt Central Bank sees pound’s real exchange rate appreciating
Egypt’s improved competitiveness after November 3 floating of the currency is unlikely to be negatively affected by…
Egypt’s police kill 2 suspected drug-dealers in fire exchange near Badr City
Egypt's interior ministry said that police on Monday destroyed an extremely dangerous criminal and drug-dealing den…
Snap to price long-awaited IPO on Wednesday amid signs of brisk demand
Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U.S. stock…
Gold rises in 3 months on political, economic uncertainty
Gold on Wednesday held near three-month highs hit the session before, buoyed as political and economic uncertainty…
Gold losses after US payrolls data
Gold prices steadied on Friday, erasing earlier losses as the dollar came under pressure from a U.S. payrolls…
El-Mohandes Coatings plans export rise to $10 million at 2017-end
Egypt’s El-Mohandes Coatings and Solvents Company is planning to increase its exports to $10 million at end of…
Stocks close mostly lower as uncertainty around Trump’s policies worries investors
U.S. equities fell on Monday, but closed off session lows, as investors looked for more details regarding President…
Asia markets mixed; Toshiba shares tumble 17% following reports of semiconductor business…
Asia markets traded mixed on Thursday, with shares of Japanese electronics maker Toshiba tumbling more than 17…
Stocks close mostly higher after big bank earnings
Stocks closed mostly higher on Friday, boosted by strong quarterly earnings from U.S. banks, while investors also…
Trade exchange with Ireland hit €350mn in 2016: Egypt’s Qabil
The total volume of Egypt's trade exchange with Ireland reached around €350 million in 2016, Egyptian Trade…
Asian markets mostly positive, Australia’s Bellamy’s dived 35%
Asian shares were mostly positive on Wednesday as investors prepare for Donald Trump's first full press conference…
China December forex reserves fall for sixth month, near $3 trillion level
China's foreign exchange reserves fell to near six-year lows in December, but held just above the critical $3…
Trivago IPO opens at $11.20 after pricing at $11, below its expected range
Hotel booking website Trivago opened at $11.20 per share in its debut Friday on the Nasdaq stock exchange. Trading…
Trade exchange with Slovenia grew 12% in 2015: Egypt’s Qabil
Egypt's trade exchange with Slovenia grew by 12 percent in 2015 to record around €161 million, Trade Minister…
CI Capital promotes offer for Obourland on stock exchange in 5 global markets
The investment bank CI Capital plans to begin promoting its private offering portion of Obourland for food…
China-Egypt trade exchange hit $13bn in 2015
The total volume of Egypt's foreign trade with China recorded around US$13 billion in 2015, Chairman of Egyptian…
Cairo Chamber eyes raising trade exchange with Rwanda
Cairo Chamber of Commerce (CCC) studies signing a protocol with Rwandan Chamber of Commerce to boost mutual trade…
Liberalising exchange rate to boost Egypt’s exports by 10%: Minister Qabil
The recent decision of the Central Bank of Egypt (CBE) to float Egyptian pound against the dollar would raise the…
John Kerry hails Egypt’s landmark ‘economic reform’
US Secretary of State John Kerry on Saturday praised Egypt for reducing expensive fuel subsidies and liberalising…
Liberalising exchange rate to encourage investments in Egypt: FEI’s El-Sewedy
The announcement of Egypt's Central Bank to liberalise exchange rate would encourage investments in Egypt and…
Australia-Egypt trade exchange reached $484mn in 2015: Minister
The total volume of trade exchange between Egypt and Australia reached around US$484.4 million in 2015, Trade…
Cairo Chamber, Korea Development ink protocol on raising trade exchange
Cairo Chamber of Commerce (CCC) signed Tuesday a cooperation protocol with Korean Association of Development on…
Trade exchange with Kuwait hit $234m end-July; Egypt’s Qabil says
The volume of trade exchange between Egypt and Kuwait recorded US$234.4 million during the first seven months of…
NBE lowers foreign exchange cash limit for travelling customers
The National Bank of Egypt (NBE) decided to reduce the foreign exchange cash limit provided to travelling…