Pound to depreciate to EGP 9.5 to US dollar by end of 2016: Standard & Poor’s
The Central Bank of Egypt (CBE) devaluated the pound by 13% in…
CBE poised to lift interest on pound
The Monetary Policy Committee is holding its third meeting this year on…
Economists deem plan to attract $30bn in FDI by 2030 a ‘difficult venture’
Serious institutional, administrative, and legislative reform required to raise foreign investment, entrance…
CBE governor claims responsibility for reduction of pound’s value against dollar
In a meeting with the CBE deputy governor and various banking officials,…
Basic interest rate raised by 1.5%
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…
Next fiscal year’s budget returned to government by parliament after partial floating of pound
Finance Ministry targets a deficit of 10.5% for the next fiscal year,…
When can a pound build Egypt?
I listened to President Abdel Fattah Al-Sisi’s speech and I found myself…
CBE to consider floating pound when foreign reserves hit $30bn
Actual value of imports amounts to approximately $90bn, in addition to smuggled…
Further pound devaluation expected: Investment bank analysts
US dollar projected to strengthen to EGP 9.5, leading formal and informal…
Manufacturers call for floating pound in exchange for providing dollar
The CBE’s decision will help increase exports and attract investments, says El-Sewedi
