Latest Business News
General Division of Computer and Software expects prices to fall by 15% in coming weeks
The head of the FEDCOC said that prices will continue to fall…
Impact of the Egyptian pound’s flotation will be measured in the coming days: experts
The CBE announced on Thursday that it would float the Egyptian pound,…
Flotation of the Egyptian pound is the first step in the right direction: El-Zorba
Galal El-Zorba, the former head of the Federation of Egyptian Industries, said…
CIB negotiates with 8 banks to fund Orascom Hotels loan rescheduling worth EGP 2bn
The company looks to reschedule both short- and mid-term loans
Allocations for petroleum product subsidies expected to increase after floating the Egyptian pound
Allocations for petroleum product subsidies expected to exceed previous amount of EGP…
CBE will not hold exceptional tender Thursday: Genena
The CBE's governor said foreign exchange reserves will not be used, described…
MPs expect debt repayment allocations to soar to EGP 400bn by fiscal year’s end
Flotation of the Egyptian pound is a bitter medicine, says MP Khalil
Bank are free to price the US dollar: CBE
This comes after the CBE fully floated the exchange rate on Thursday…
CBE instructs exchange bureaux to buy US dollars at EGP 13, sell at EGP 14.35
Exchange bureaux companies operating in the Egyptian market began on Thursday morning…
US dollar registers EGP 14.3 for sale at private banks
The price of the euro against the national currency reached EGP 14.66…