Did Al-Sisi reject the EGP devaluation during his last meeting with Amer?
Unofficial market and analysts increase pressure on CBE’s governor
EGP devaluation: did the market misunderstand Amer or was confusion intended?
Amer had ruled out devaluation of the Egyptian pound before exchange reserves reached $25bn
MSCI achieves strong 4.7% increase in past week’s trading
MSCI index registered a remarkable increase of 4.7%, rising from 828.84 points to 867.84 points in last week's trading. MSCI index rose 2.16% during Monday's session and then decreased to…
Yemen peace talks resume in Kuwait City
Yemen's internationally-backed government and Shiite Houthi rebels have resumed peace talks in Kuwait City. The ongoing conflict which began in March 2015 has claimed 9,000 lives to date.
Gulf markets see all-round increases in past week’s trading
Saudi Arabia ranked third with an increase of 2.5% to 6661.65 points, and achieved an average daily trading value of SR 4.23bn.
New exchange rates drive up Egypt Duty Free revenues by 13.7% despite tourism slump
Egypt Duty Free’s activity is influenced greatly by the movement of foreign currencies against the Egyptian pound, especially the US dollar and the euro as importing goods—such as electrical appliances,…
InterCairo Aluminum to float 30% of shares in EGX during December
InterCairo Aluminum Industry awaits approval from the Egyptian Exchange to begin the IPO procedures, after the company has provided all the required documents
13,900 foreign workers in private, investment sectors in Egypt in 2015: CAPMAS
The manufacturing business obtains the majority of these foreign workers
Foreign investors conclude project agreements on EGP 12-13 dollar rate
Foreign companies seeking to invest in Egypt traded based on prices that reflect their vision of the pound; these estimations are met with acceptance by local partners, say investment managers…
