Depreciation of customs dollar to EGP 16.25 after four month of stabilisation
Four months of stabilisation in the value of customs dollar at EGP…
Ministry of Tourism is betting on increasing expenditure rate by year end to reach $85 per person
This spending rate is still weak compared to the other tourist destinations…
Pound strengthens due to market supply and demand mechanism: Amer
The CBE governor told the president that the bank didn’t intervene to…
Egypt foreign reserves reaches $31.305 billion in June; Pound steady
The reserves records 29% increase since the beginning of 2017
Egyptian pound shows signs of correction: Beltone
Total outstanding liability to register at $7.6bn and $12.2bn in FY 2017/18…
CBE to remove dollar deposit limits over upcoming months: IMF
The fund’s board votes on the Egyptian economy’s first review within weeks
As raw commodity prices accelerate, food companies likely to reprice products
Milk powder prices hover around 5-years high, sugar rises 7.5% in 2…
Egypt’s foreign exchange reserves reach new high since March 2011, thanks to new dollar bonds
The foreign exchange reserves increased to $31.1bn at the end of May…
Worst week for dollar since Trump election
The greenback has been on track to record its worst week against…
Banque Misr negotiates with international funding institution to obtain new dollar debt: bank’s chairperson
The bank signs a loan agreement with CDB for $500m during its…