Fitch forecasts dollar to reach EGP 9 before year-end
Egypt could reach an IMF agreement if required by authorities, Fitch says
Egyptian pound devaluation negatively impacts Nissan Motor Egypt: Sekiguchi
Nissan Motors Egypt CEO demands that companies do not rush to increasing…
Prices of food items ‘increased’, minister promises control
Food prices will not increase following dollar rise, Hanafy says
CBE governor claims responsibility for reduction of pound’s value against dollar
In a meeting with the CBE deputy governor and various banking officials,…
CBE sells $1.5bn to cover portion of temporary credit facilities to importers
Banks are required to redeposit amounts obtained in the CBE auction with…
The automotive sector’s shaky road
The Egyptian automotive market can be described in three terms: "suffered, suffering…
Is the CBE the only player to blame for the dollar crisis?
In a recent press conference, prominent economist and chief economic adviser at…
CBE to hold exceptional $1.5bn auction
CBE sold $200m to banks operating in the local market at rate…