No significant change in exchange rate in 2019: Egypt’s EFG Hermes
EFG Hermes, a leading financial group and one of the biggest investment banks in Egypt, has ruled out any…
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Dollar exchange rate sees slight hike in Egyptian banks
U.S. dollar prices against the Egyptian pound increased in several Egyptian banks on Sunday. According to the…
Egypt to keep customs exchange rate at 16 pounds in November
Egypt will keep its customs exchange rate unchanged at 16 pounds per dollar for November, the finance ministry said…
Minister: Egypt to keep customs dollar rate at 16 pounds in October
Egypt will keep a customs dollar rate at a fixed 16 pounds for October effective the first of the month, Finance…
Customs exchange rate to fall to 16 Egyptian pounds pounds in September: minister
Egypt will lower its customs exchange rate to 16 pounds per dollar from 16.25, effective September 1, Finance…
American University in Cairo no longer requires tuition in dollar
American University in Cairo has said Tuesday it will now be accepting tuition fees from students entirely in…
AUC must collect tuition fees in Egyptian pounds: court
An Egyptian court has ordered the American University in Cairo (AUC) to collect all tuition fees from local…
100,000 electronic subsidy cards to be distributed in Egypt bread crisis
The bread crisis that struck some of the country's governorates on Tuesday is now over, as the ministry is…
World-topping rally too much for Egyptian pound’s own good
The honeymoon period for Egypt’s pound may be nearing an end. Nearly four months after a free float opened the…
Liberalising exchange rate to boost Egypt’s exports by 10%: Minister Qabil
The recent decision of the Central Bank of Egypt (CBE) to float Egyptian pound against the dollar would raise the…
Liberalising exchange rate to encourage investments in Egypt: FEI’s El-Sewedy
The announcement of Egypt's Central Bank to liberalise exchange rate would encourage investments in Egypt and…
Fast food chain Cook Door investments in Egypt hit $112mn late-2015
The investments of the International Company for Food Industries - ICFI (Cook Door) exceeded one billion…
$11.25mn allocated to upgrade Egyptian Culture Ministry’s info system
Egypt’s Ministry of Culture is allocating about100 million Egyptian pounds ($11.25 million) to upgrade its entire…
Alamein-Wadi al-Natroun road in Egypt to reopen next Thursday
The Wadi al-Natroun-Alamein road will be inaugurated next Thursday with total cost of 1.9 billion Egyptian pounds…
Egypt’s National Bank allocates $45mn for three leasing companies
National Bank of Egypt, the biggest state-owned bank, is studying arranging 400 million Egyptian pounds ($ 45…