Latest Business News
Bank are free to price the US dollar: CBE
This comes after the CBE fully floated the exchange rate on Thursday…
CBE instructs exchange bureaux to buy US dollars at EGP 13, sell at EGP 14.35
Exchange bureaux companies operating in the Egyptian market began on Thursday morning…
US dollar registers EGP 14.3 for sale at private banks
The price of the euro against the national currency reached EGP 14.66…
CBE poses exceptional tender for $100m
The tender will cover open currency positions in foreign currency at banks
EGX boosted to its highest record in 19 months
This comes after the CBE decided to liberalise the exchange rate of…
NBE, Banque Misr, Banque du Caire launch EGP-denominated saving certificates with 20% interest rate, 18-month maturity period
The banks also launced three-year certificates with a 16% interest rate
Floating the Egyptian pound is an excellent step: Naguib Sawiris
Sawiris called on the Egyptian people to support the CBE's decision
CBE floats Egyptian pound, raises interest by 3%
The CBE decided on Thursday to let banks in the market set…
Indian Tea Delegation visits Egypt to enhance trade relations
The delegation participated in an interactive session with the supply minister, Indian…
Ministry of Tourism launches promotional campaigns, but hotels need renovation: investors
Restoration of a 5-star room costs EGP 25,000, 4-star room EGP 20,000,…
