In less than a month, assassinations of senior army officers hit new high
Al-Arish-based air force major colonel assassinated in front of his residence; 'Sinai Province' claims responsibility
Economic reforms will ignite uprising of the poor: political parties, figures
State decision to float Egyptian pound sparks criticism from political parties and rights groups
Electricity Ministry may cease negotiations for new equipment purchases following pound flotation
Offers and prices of companies changed after the US dollar exchange rate appreciated, say sources
NBE, Banque Misr raise limits on card usage abroad
Vice chairperson of the National Bank of Egypt (NBE) Yehia Aboul Fotouh said that the bank will raise the limit previously imposed on its cards for usage abroad on Sunday.…
Increased cash support for subsidy cardholders is not enough: expert
Egypt floated its currency on Thursday, allowing it to fall from its previous peg of EGP 8.88 to the US dollar to between EGP 13 and EGP 16. This is…
Long-awaited pound flotation ends market’s long-standing state of suffocation: bank exchange market officials
While this decision has its advantages and disadvantages, it is the only solution for ending many problems and the government should support it
30% hike in inflation rate in short term: Beltone Financial
The Central Bank of Egypt (CBE) announced on Thursday that it is floating the Egyptian pound completely, and banks will be free to quote whatever rates they decide on, for…
Government considers 4 scenarios for future provision of electricity subsidies
The government is considering four scenarios for the future provision of electricity subsidies, on the back of liberating the Egyptian pound and the surge in fuel prices. Government sources said…
Taxi drivers intend to submit request to cabinet to increase tariff
The Taxi Drivers and Owners Association intends to submit an official letter to the cabinet, seeking to increase the tariff for the white taxi from EGP 1.4 per kilometre to…
2 vehicles with bombs located in Cairo
A car bomb went off targeting a judge in Nasr City, and a truck in Giza is discovered to have an explosive device
