Tag: dollar

Egyptian pound devaluation negatively impacts Nissan Motor Egypt: Sekiguchi

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

Daily News Egypt

Prices of food items ‘increased’, minister promises control

Food prices will not increase following dollar rise, Hanafy says

Daily News Egypt

CBE governor claims responsibility for reduction of pound’s value against dollar

In a meeting with the CBE deputy governor and various banking officials,…

Hossam Mounir

CBE sells $1.5bn to cover portion of temporary credit facilities to importers

Banks are required to redeposit amounts obtained in the CBE auction with…

Hossam Mounir

The automotive sector’s shaky road

The Egyptian automotive market can be described in three terms: "suffered, suffering…

Mohamed Aboul-Fotouh

Is the CBE the only player to blame for the dollar crisis?

In a recent press conference, prominent economist and chief economic adviser at…

Sara Aggour

CBE to hold exceptional $1.5bn auction

CBE sold $200m to banks operating in the local market at rate…

Hossam Mounir

Expected increase in price of spare vehicle parts in coming months

Prices have not yet been affected as the quantities currently in the…

Ahmed Eid