forex news Dollar gives in to gravity and drops as US yields extend fall Yomna Yasser Nov 28, 2016 0 The dollar gave in to gravity on Monday and pulled further away from near 14-year highs as U.S. Treasury yields…
Egypt News Banks secure $2.2bn to meet customers’ needs since pound flotation Noha Gad Nov 17, 2016 0 The Information and Decision Support Center (IDSC) in the Egyptian cabinet said Wednesday that the banks operating…
Industry & Trade Imported medicines to be reduced for three months in Egypt Noha Gad Nov 9, 2016 0 After the Central Bank of Egypt (CBE) announced the pound floatation last Thursday, pharmaceutical companies have…
Banks JP Morgan: Egyptian pound to remain volatile for near future Noha Gad Nov 9, 2016 0 The value of the Egyptian currency is expected to remain volatile for the near future as the Central Bank of Egypt…
Egypt News Parliament supports Cabinet’s move to float pound, cut fuel subsidy Noha Gad Nov 6, 2016 0 The Egyptian parliament's majority bloc Support Egypt announced in a statement Saturday that it fully supports the…
Industry & Trade Local autos prices to jump 50% amid floating Egyptian pound: official Noha Gad Nov 3, 2016 0 The prices of local and imported automotives would be increased by 50 percent and 15 percent respectively due to…
Industry & Trade Floating pound is a ‘late’ good step towards reform- Egypt’s FEDCOC Noha Gad Nov 3, 2016 0 The decision of Egypt's Central bank to float pound against US dollar is a good step towards reform but it came…
Banks BREAKING: CBE floats Egyptian pound against dollar at 13.5 Noha Gad Nov 3, 2016 0 Central Bank of Egypt (CBE) decided Thursday to float the Egyptian pound according to market supply and demand.The…
Egypt News State of uncertainty over devaluing Egyptian pound after Sisi-CBE governor meeting Noha Gad Oct 24, 2016 0 A state of uncertainty over the timing of the devaluation of Egyptian pound by the Central Bank of Egypt (CBE)…
International News UK September inflation jumps to 1.0% year-on-year; highest since November 2014 Yomna Yasser Oct 18, 2016 0 The U.K.'s battered currency has climbed to a six-day high after inflation data for September revealed a 1.0…