CBE sells $115.6 mln at auction, keeps pound stable
Egypt's central bank kept the pound steady at 8.78 pounds to the dollar at an official foreign currency auction on…
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Egypt to issue $700mn in US dollar denominated one-year treasury bill on June 14
Egypt's Finance Ministry will issue $700 million in one-year dollar-denominated treasury bills to local banks and…
Central bank offers $120 mn to cover pharmaceutical imports in Egypt
Egypt's central bank held the pound steady at a regular dollar sale on Tuesday but said the dollars would be…
Government raises food subsidies by 20% per citizen for weakening Egyptian pound
Egypt's economic ministries decided on Tuesday to raise food subsidies by 2.4 billion Egyptian pounds, boosting…
Egyptian pound continues decline on black market
The Egyptian pound dropped again against the dollar on the black market on Wednesday, extending its recent decline…
Egypt fails to secure April LNG shipments
Egypt's state-owned EGAS has so far failed to fill a tender to buy two liquefied natural gas (LNG) shipments due…
Central bank denies Egypt seeking IMF loan
Egypt dismissed as inaccurate reports that it is seeking a loan from the International Monetary Fund (IMF),…
Egyptian pound steady at forex sale, weaker on black market
The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened…
Oil falls to $37, near 11-year low, as excess supply weighs
Oil fell close to $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that…
Egypt’s pound steady at auction and on parallel market
Egypt's central bank kept the pound steady at 7.7301 to the dollar at its official foreign currency auction…
