CBE stabilises US dollar exchange rate causing confusion in market
The higher inflation rate caused the CBE to postpone another devaluation of…
From Press Syndicate storming to Red Sea islands: Al-Sisi’s controversial moves as president
Al-Sisi’s term has witnessed several unprecedented developments, but not all of them…
Medicines price increase does not commensurate with devaluation of Egyptian pound against US dollar
The decision includes increasing prices of 70% of local and imported medicines
Allocation for CBE’s dollar tender reaches 22.99% on Tuesday
The CBE sold $118.7m US dollars at a fixed price of EGP…
CBE fixes dollar price in Tuesday auction, dollar remains stable in informal market
Through its weekly auction, the CBE sells dollars to banks working in…
Stronger dollar pushes foreign companies away from trading their shares in EGP on EGX
The EGX issued this new rule to allow companies to avoid the…
Negligence of foreign currency resources aggravates ballooning dollar crisis
A decline in revenues from tourism, FDI, the Suez Canal and Egyptian…
Egypt attempts to contain repercussions of pound’s devaluation on food commodities
Armed forces will secure commodities for citizens at prices 50% less than…
Dollar crisis pushes Renault sales down by 73% in January, February 2016
If the currency crisis was controlled, sales would be better, says EIM…
CBE revises mechanism of US dollar allocation
The CBE allocated $120m to banks on Tuesday to finance the import…