Repatriating profits of foreign companies pushes Egyptian pound down against US dollar
The price of the national currency saw devaluation on Wednesday, reaching EGP…
Metropolitan Egypt negotiates with bank to secure financing for 3 companies
Metropolitan Egypt is negotiating with a number of banks to provide financing…
CBE signs 18bn yuan bilateral currency swap agreement with Chinese central bank
The agreement will lead to a decline in demand on the dollar…
Trade balance deficit down by 27.1% in September: CAPMAS
The trade balance deficit dropped by 27.1% in September 2016 to EGP…
Egypt’s foreign exchange reserves likely to decline by $3bn in mid-December
On 17 December, Egypt must pay $3bn for bonds issued on global…
Foreign exchange reserves increase by $4bn to reach $23bn as of end of November
The Central Bank of Egypt (CBE) announced that its foreign exchange reserves…
Overall deterioration in business conditions is strongest since July 2013: Emirates NBD-Egypt
High prices continue to drive downturn in non-oil private sector
Pound recovers from its lowest level against the US dollar since flotation
The Egyptian pound has regained some of its strength against the US…
Soha Soliman appointed deputy chairperson of Banque du Caire
Egypt’s cabinet issued a decree on 26 November appointing Soha Soliman, the…
18 million people require microfinance in Egypt: former CBE governor
We need about EGP 54bn to finance 3.6 million families living below…