Steel prices jump to register EGP 9,250 per local tonne after flotation of pound
It is expected that steel prices will decrease to EGP 5,200 per…
Construction companies threaten to halt work on social housing projects due to flotation
Housing Ministry considers increase in value of social housing units by EGP…
Real estate developers await stability in prices of construction material following pound’s flotation
The CBE’s decision to float the Egyptian pound is viewed as a…
Minimal trading among banks on first day of inter bank mechanism
The trading of US dollar among banks on the first day of…
EGX jumps by 6.1% during Sunday’s trading
The Egyptian Exchange (EGX) recorded the highest daily rise in trading in…
Fuel subsidy cost to increase to EGP 64bn following pound’s flotation: Petroleum Minister
The cost of the petroleum product subsidies will increase to EGP 64bn…
Flotation prompts Cartel Capital to activate $50m acquisitions plan
The US company targets to seize opportunities worth $10-20m in many financial…
Long-awaited pound flotation ends market’s long-standing state of suffocation: bank exchange market officials
While this decision has its advantages and disadvantages, it is the only…
Egyptian pound flotation is a historic decision: bank leaders
Raising interest was important to protect citizens' savings and to face expected…