Large portion of dollars in banks since Monday come from customers switching saving schemes to Egyptian pounds: prominent banker
High expectations that foreign currency deposits will decrease while Egyptian pound deposits will increase by end of the month
Al-Sisi expected to decide fate of 83 prisoners recommend for pardon within 48 hours
The president has extended the work of the Detained Youth Committee until all cases have been studied
Al-Sisi avows protection of low-income citizens as economic reform programme makes headway
The president met with ministers and key figures following the IMF’s approval of the $12bn loan
Parliament refers MP Anwar Al-Sadat to investigations for allegedly leaking NGOs law
The accusation was leveled against him through a memorandum by the minister of social solidarity
US dollar exchange rate movement since flotation of the Egyptian pound until 13 November
Date Buy Sell 13/11/2016 15.5697 16.3122 10/11/2016 16.4224 17.0738 09/11/2016 17.0422 17.6330 08/11/2016 17.4170 17.8427 07/11/2016 16.4111 17.2632 06/11/2016 15.6643 16.2222 03/11/2016 14.6350 14.6550
Government’s crowding out of private sector in banking funding hampers SME growth: Sahar Nasr
SMEs suffer from a lack of funding as well as strategic support, such as feasibility studies and economic consulting
EGAS reassess gas projects to be added to national grid production until end of 2017
Possibility of providing Egypt’s needs of fuel without renting a third gasification under discussion, says source
Egypt, Turkey accuse each other of crackdown on dissent, both deemed predators of freedom
Erdogan has explicitly disclosed his opposing stance towards the current Egyptian regime, saying that it resulted from a “military coup”
US dollar price falls even further at CBE, banks while EGX profits EGP 9.3bn
The price of the US dollar dropped below EGP 16, with expectations that it will continue to decline
Army kills 14 militants during North Sinai operation
Militants exchanged fire with army and police forces in the cities of Sheikh Zuweid and Rafah, says army spokesperson
