Tag: devaluation

Experts forecast further devaluation of Egyptian pound: CFA Society Egypt

On 3 July, governor of the CBE Tarek Amer alluded to a…

Shaimaa Al-Aees Shaimaa Al-Aees

Potential devaluation of pound causes EGX30 to rise to highest rate in 4 months

The transactions of Egyptians and Arabs were net buyers, while non-Arab foreign…

Daily News Egypt Daily News Egypt

Egyptian pound devaluation negatively impacts Nissan Motor Egypt: Sekiguchi

Nissan Motors Egypt CEO demands that companies do not rush to increasing…

Daily News Egypt Daily News Egypt

Basic interest rate raised by 1.5%

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…

Daily News Egypt Daily News Egypt

Pound devaluation shakes market

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

Hossam Mounir Hossam Mounir

US see stronger yuan as ‘key’ to China’s success

The US Treasury has soften its long-time stance that China's currency is…

Deutsche Welle Deutsche Welle

Depreciating EGP postpones foreign investments

Foreign investors are sure that the Egyptian pound will be devalued further

Daily News Egypt Daily News Egypt

World stock markets post worst week of 2015

World stock markets have tumbled on concerns over a slowdown in China.…

Deutsche Welle Deutsche Welle

Pound value depreciation continues, dollar reaches EGP 7.34

Dollar’s value increases to EGP 7.38 at NBE and Banque Misr

Sara Aggour Sara Aggour

Dollar value rises to EGP 7.19, further 5% devaluation expected

Government faces pressure to combat black market before the March Economic Summit

Sara Aggour Sara Aggour