Egypt Discovers Oil, Gas In Western Desert, Ministry Says
Egypt’s state-run General Petroleum Company made an oil and natural gas discovery in the Western Desert and plans…
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Forex News
Dollar Hits EGP 6.56 On Central Bank’s 9th Day Auction: NBE
The Egyptian pound weakened at a central bank auction of dollars on Sunday, the ninth such sale since it introduced…
Dollar Hits EGP 6.54 On CBE’s 8th Day Auction: NBE
The Egyptian pound weakened at a central bank auction of dollars on Thursday, the eighth such sale since it…
Centamin Gains Most In Three Weeks In London On Gold Production
Centamin Plc (CEY), a miner of gold in Egypt, rose the most in more than three weeks in London trading after…
U.S. Dollar Hits EGP 6.51 Against Pound Driven By CBE’s Auctions
Exchange market experts said the U.S. dollar hiked during Tuesday’s trading by 3 piasters to EGP 6.4819 (buy price)…
U.S. Dollar Likely To Fall Against Pound To EGP 6; Al-Hariri
Ali Al-Hariri, Deputy of Exchange Department at the Federation of Egyptian Chambers of Commerce, said the U.S.…
El-Abyad: Dollar Likely To Fall To EGP 6.35 In 2 Weeks
Mohamed Hassan El-Abyad - head of the Foreign Exchange Section at the Federation of Egyptian Chambers of Commerce –…
Fitch Says Egypt’s New FX Regime Positive Step In Tough Circumstances
Fitch Ratings stated in a report issued on Thursday that Egypt's new exchange rate regime has brought greater…
Egyptian Pound’s Decline ‘Not End Of World’, Boosting Production Is Must
The crisis is not in the jump in the U.S. dollar exchange rate against Egyptian pound but in the collapsing economy…
Egypt’s Customs Stops Centamin Gold Shipment Because Not Approved
Egyptian customs have stopped a Centamin shipment of gold held at Cairo airport from being exported because it did…