Tag: US dollar

Will commodity prices go down as pound strengthens?

 Companies pledge to bring prices down; others refuse due to inventory input

Samira Saeed

Pound continues strengthening against USD, expected to settle below EGP 17 to the dollar within days

Significant increase in hard cash supply as foreigners invest in government debt…

Hossam Mounir

Dollar falls to its lowest level in two months, settles below EGP 18

Banks see clients disposing USD, further decline in the pipeline, says chairperson…

Hossam Mounir

Weakened purchasing power decreased economic growth to 3.4% during Q1 of FY 2016/17 

Large projects and the improved climate for investment will increase economic growth,…

Mohamed Ayyad

No one can say for certain at what value the Egyptian pound will stabilise against the US dollar: El-Araby 

Subsidies will continue to be provided even after the economic reform programme…

Ahmed Farahat

US dollar supply at banks increase, demand cools 

Banks operating in the local market are experiencing a US dollar supply…

Hossam Mounir

92% of offers on US dollar-denominated bonds came from investment funds or banks: Kojak

High demand on US dollar-denominated bonds caused rise in issuance value, says…

Hisham Salah

Arabian Cement to repay US dollar loans to avoid high cost 

The company aims to shrink loans to EGP 40m compared to $65m…

Mohamed Ahmed

Automotive sector welcomes fixed price of customs US dollar

The decision enables working in accordance with clear plans without surprises, says…

Ahmed Dawoud

The reason behind the rise of Egypt’s foreign currency reserves remains unknown

Since the 25 January Revolution in 2011, Egypt’s foreign currency reserves were…

Hisham Salah