Egyptian pound devaluation could cause heavy losses for customers with open currency position
Importers of medicines and commodities priced upon the US dollar’s official rate…
Egypt’s exchange rate crisis must be addressed: IMF managing director
Social protection is a cornerstone of the IMF programme, any cuts in…
Suez Canal Authority studies collecting fees in yuan after adding it to SDR units
This move would aim to enhance the flexibility of collection
Decline in oil prices, fluctuations in stock market and currency exchange dominate EFG Hermes 12th Annual One on One Conference
EFG Hermes One on One aims to provide a suitable platform to…
Banks direct foreign currency to importers as commodities are held at ports due to dollar shortage
To reduce dollar shortage crisis at banks, the foreign currency deposit cap…
CBE’s decision to raise cap on dollar deposit will not mitigate liquidity pressures: Moody’s
The CBE decision included high-priority products, such as pharmaceuticals, production inputs, raw…
Government sought to decrease $60bn bill by ‘banning luxurious products’
Around $26bn of Egyptian imports are categorised as “essential”
Oriental weavers facing challenges of local currency and Euro depreciation: Khamis
Political and economic turbulences in some export countries reduced exports’ revenues, company…
Amer’s most prominent challenge is employing liquidity in local currency at banks
Banks offered to invest EGP 252bn in CBE deposits for one day…