IMF and Egypt reach agreement on loan instalment of $2 billion
Egypt has reached a staff level agreement with the International Monetary Fund for an instalment of around $2…
Browsing Tag
Floating
Egypt government spent $5.65bn over-budget in 2016-17 due to currency float
Egypt’s government spent over 100 billion Egyptian pounds ($5.65 billion) more than it planned to in the 2016-17…
Egypt’s pound shows Nigeria must overcome its fear of floating free – Reuters
A currency devaluation may do little to fix Nigeria's problems unless it follows the examples of emerging market…
Electrolux Egypt: prices increased by 20-25% amid floating pound
Electrolux Egypt increased the prices of its products by 20-25 percent after the move of the Egyptian government to…
Banque du Caire: new certificates of deposit brought in 12bn Egyptian pounds
Egypt’s third biggest bank, state-owned Banque du Caire has received around 12 billion Egyptian pounds (around…
Egypt’s NBE bank sold $220 mln in week to cover imports – v.chairman
Egypt’s biggest lender, the state-owned National Bank of Egypt, provided around $220 million to cover import…
World Bank hails Egypt reforms saying will create job, boost social inclusion
The World Bank welcomed on Friday the Egyptian economic reforms, saying they would create jobs and promote social…
Cairo hopes to finalise IMF loan deal in days – c.bank chief
Egypt hopes to finalise a $12 billion IMF loan programme within days as it has secured pledges worth $16.3 billion…
Local autos prices to jump 50% amid floating Egyptian pound: official
The prices of local and imported automotives would be increased by 50 percent and 15 percent respectively due to…
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,…
