Cairo Metro addresses cabinet, again, to increase ticket price to EGP 2
Parliament summon heads of Cairo Metro and Egyptian National Railways to review their development plans
Egyptian pound flotation is a historic decision: bank leaders
Raising interest was important to protect citizens' savings and to face expected inflation, say bank leaders
HRW, Amnesty International call on Egypt to lift arbitrary travel bans
12 activists have been barred from travelling since 2013, the two international organisations said in a joint statement
Social protection measures will be taken after raising fuel prices, floating the Egyptian pound: Prime Minister
The number of Takaful and Karama beneficiaries was boosted to 1.7 million households with EGP 2.5bn in additional support
Some banks raise interest on savings vessels after CBE decision, public banks to follow suit
Some banks operating in the local market have quickly raised the interest they offer on some saving vessels in Egyptian pounds, following the Central Bank of Egypt’s (CBE) decision to…
Pound flotation, increase in energy prices to revive Egypt’s economy: World Bank
The World Bank said on Saturday that the liberalisation of the Egyptian pound and an increase in energy prices will help Egypt create jobs and revive the economy. The Central…
3 factors determine effectiveness of flotation in boosting acquisition assessments, offerings to foreign investors
Egyptian companies’ ability to pass the price increase to consumers and banks’ ability to make the dollar available will determine attractive investment opportunities for Egyptian companies
Eastern Company for Tobacco proposes to Philip Morris purchasing tobacco for late revenues worth $35m
Eastern Company to hold meeting within two weeks with Philip Morris to stress its desire to collect its dues in dollars whether for tobacco or their payment in installments
Banks looking forward to returns on debt instruments following Egyptian pound’s flotation, raising interest by 3%
The average return on initial treasury bills increased by 3.6% and exceeded 20% following the CBE's decision
Banks confused over US dollar pricing during first 3 days after flotation
Chaos is normal since this is the first time for Egypt, but it will end soon, says banker