Egypt’s pound surpasses EGP 25 level against dollar in some banks
Egypt’s pound currency dropped to exceed the EGP 25 level against the U.S. dollar during the morning trade at banks…
Browsing Tag
pound floatation
Report: Egypt’s pound now under supply, demand forces, floatation not “accurate term”
Egypt’s pound currency is now under the forces of supply and demand since October 27 when the central bank moved to…
HSBC says H1 pre-tax profit falls 40% in Egypt
HSBC Plc says first-half profit before tax in Egypt has dropped 40 percent from a year ago to record $143 million.…
BNP Paribas: First goals of Egypt economic reform plan have been met
A recent research note released by BNP Paribas said the first goals of Egypt’s economy reform plan have been met,…
Banque Misr says raised $3.3 billion after Egypt pound float move
Egypt’s second largest bank, state-owned Banque Misr has collected around $3.3 billion since the flotation of local…
Banque Misr sold $5 billion to cover imports since pound float; chairman says
Egypt’s second largest state-owned lender, Banque Misr said Sunday it has provided around $5 billion to cover…
Cotton revival could keep Egypt’s economy spinning: report
Egypt’s famed cotton industry is starting to revive following the central bank’s decision to float the pound in…
Banque Misr: high-yield deposit certificates raise EGP110 bln after pound float
Egypt’s second biggest bank, state-owned Banque Misr has raised around 110 billion Egyptian pounds ($6.05 billion)…
Egypt a major investment destination after after pound floatation: Qalaa
Egypt has become among the most important countries for foreign investments after it floated its currency last…
Egypt home prices rise 35% in Q1 after pound float move: Aqarmap
Egyptian real estate recorded a 9 percent increase in house prices during November, following the floatation of the…
