Floating pound is a ‘late’ good step towards reform- Egypt’s FEDCOC
The decision of Egypt's Central bank to float pound against US dollar is a good step towards reform but it came…
Browsing Tag
Floating
All banks can trade forex after Egypt pound ‘historic’ float: CIB chairman
Egypt's "historic" move to freely float the local currency will allow all 39 banks licenced in the country to trade…
Egypt central bank to hold $4 billion auction to cover imports on pound float
Egypt’s central bank will hold Thursday an exceptional auction for $4 billion, senior banking sources told Amwal Al…
Stocks soar following floating Egyptian pound
Egyptian stocks jumped after the central bank said it would allow the currency to float as part of measures…
Business tycoon Sawiris hails Egypt currency floating move
Egyptian business tycoon Naguib Sawiris, chairman of Orascom Telecom Media & Technology (OTMT), has hailed the…
Egypt’s central bank hikes key interest rates by 300 basis points, floats pound…
Egypt's central bank announced Thursday it had hiked interest rates by 300 basis points in a move to rebalance…
Gulf currencies climb on Egypt currency float
Gulf currencies have rallied against the Egyptian pound in massive early trade on Thursday after Egypt’s central…
Egypt’s tender for a third FSRU draws four firms’ attention
Egypt's tender to lease a third floating and storage regasification unit (FSRU) has drawn interest from four…
Egypt to start floating state firms in 3-5 years: minister
Egypt will start floating parts of some state-owned firms on the country’s stock exchange within a timeframe of…
Arab Investment Bank may become 3rd Egypt public bank to seek bourse listing
State-run Arab Investment Bank plans to float some of its shares on Egypt stock exchange, the bank’s chairman Hani…
