Economic Affairs Committee to propose exchange bureaux be obliged to deposit US dollars at CBE for 5 years
There are 91 currency exchange companies, some of which own 20 branches,…
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…
Dollar crisis threatens Eastern Tobacco Company’s production
The Eastern Tobacco Company is facing a hard time obtaining foreign currency…
Decision to relieve expatriates from car customs for a dollar deposit is under study: customs
The Ministry of Expatriate Affairs and a number of Egyptian expatriates submitted…
Egypt accuses Islamist youth group of destroying economy
Police propaganda newsletters recently announced the arrest of individuals accused of collecting…
IMF Reaches Staff-Level Agreement with Egypt on a Three-Year US$12 Billion Extended Fund Facility
End-of-Mission press releases include statements of IMF staff teams that convey…
IMF deal would be credit positive for Egypt: Fitch Ratings
Government is explaining the importance of the loan to parliament, not concerned…
No increases in ticket prices in the coming period: EgyptAir chairperson
First instalment of operating lease for new Boeing aeroplanes will be paid…
CBE stabilises US dollar exchange rate, further confuses market
The Central Bank of Egypt (CBE) stabilised the US dollar exchange rate…