Fitch: currency devaluation ‘moderately positive’ for Egyptian banks in long term
The recent devaluation of the Egyptian pound against the US dollar will likely be supportive of foreign currency…
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foreign currency
CBE Deputy Governor explains dollar cap increase to reguators
Deputy Governor of the Central Bank of Egypt (CBE) Gamal Negm met with officers from banking operations and…
Egypt’s Ezz Steel strikes $71 million net loss in Jan-Sept
Egypt's largest steel producer Ezz Steel hit a net loss of LE559.1 million ($71.4 million) during the first nine…
Egypt’s August trade deficit 26% down – state statistics
Egypt's trade deficit fell 26 percent to 27.9 billion Egyptian pounds in August of 2015 down from 37.5 billion…
Egypt foreign reserves slightly up to $16.415 bln in October
Egypt's foreign currency reserves inched up to $16.415 billion in October from $16.335 billion the previous month,…
Suez Canal’s revenues drop to $449mn in September
Egypt's revenues from the Suez Canal dropped to US$448.8 million in September from $462.1 million in August, the…
BREAKING: Egypt’s Foreign Reserves rise to $20bn in June
Egypt's foreign currency reserves climbed to US$20.079 billion in June 2015, up 2.7 percent from US$19.559 billion…
Egypt’s Suez Canal revenues rise to $422 million in April
Revenues from Egypt’s Suez Canal reached $422.1 million last April, according to official data released on…
Goldman to pay $130 mln Forex Settlement
Goldman Sachs Group Inc. is expected to pay $129.5 million to settle its slice of a lawsuit accusing banks of…
Egypt and its FDI Prospects
No doubt that Egypt has witnessed very rough years since the 25 January Revolution. The economy has been brought to…
