Saudi riyal reaches new record high at 5 against Egyptian pound
Saudi Riyal surged on Monday to its highest level against Egyptian pounds since the latter’s Nov. 3 flotation,…
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flotation
Egypt’s United Bank: bad loans edge higher on currency float move
The state-run United Bank of Egypt’s portfolio of bad loans has surged to 3.5 billion Egyptian pounds ($191.2…
CAPMASS: Egypt Nov urban consumer inflation surges to 19.4% after currency float
Egypt's annual urban consumer price inflation soared in November to 19.4 percent from 13.6 percent in October, the…
Egypt central bank governor says intervention in currency market is ‘history’
Egyptian Central Bank Governor Tarek Amer has said nothing would prompt him to intervene to prop up the country’s…
Snapchat ‘files for stock market float’
Snap, the parent company of messaging app Snapchat, has filed to list on the US stock market, according to several…
Banks secure $2.2bn to meet customers’ needs since pound flotation
The Information and Decision Support Center (IDSC) in the Egyptian cabinet said Wednesday that the banks operating…
Imported medicines to be reduced for three months in Egypt
After the Central Bank of Egypt (CBE) announced the pound floatation last Thursday, pharmaceutical companies have…
CBE keeps EGP unchanged vs dollar, contradicts flotation forecasts
The Central Bank of Egypt (CBE) kept the local currency’s rate stable at EGP 8.78 against the US dollar at…
