Tag: US dollar

Ceramics division demands intervention from PM to save ceramics industry

Increase in gas, US dollar prices pushes up production costs and decreases…

Daily News Egypt Daily News Egypt

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…

Hossam Mounir Hossam Mounir

CBE provides banks with $118.7m in weekly auction

The CBE sold US dollars at a fixed price of EGP 9.78.…

Hossam Mounir Hossam Mounir

EGP devaluation is credit positive for banks: Moody’s

Moody’s forecast of Egypt’s economic growth is lower than the government’s predictions

Daily News Egypt Daily News Egypt

Amer denies plans to devalue Egyptian pound after its price falls in informal market

While the dollar is scarce, trader's speculation has also driven inflation, says…

Hossam Mounir Hossam Mounir

US dollar records EGP 11 in informal market Tuesday: traders

The CBE provides the US dollar to banks in the local market…

Mohamed Ayyad Mohamed Ayyad

Pound devaluation shakes market

EGX-30 jumps by 6.7%, amid renewed hopes for FDIs and major concerns…

Hossam Mounir Hossam Mounir

Pound depreciation has limited impact on budget deficit: Economists

Government forecasts on the deficit will not be achieved and will jump…

Mohamed Ayyad Mohamed Ayyad

Egyptian pound devaluation is no longer optional: Salman

Egypt's foreign reserves down by $500m over August

Menna Samir Menna Samir

US dollar registers EGP 8 at exchange companies

Pharos expects the dollar exchange rate to drop to EGP 8.5 during…

Doaa Farid Doaa Farid