Tag: egyptian pound

CBE expected to increase interest rate by 1% on Thursday

High inflation, application of VAT would raise Egyptian pound’s interest rate by…

Hossam Mounir Hossam Mounir

Egyptian pound’s instability, summer season raise demand on real estate property: Aqarmap

The Aqarmap index revealed continuing high demand for property during August, the…

Shaimaa Al-Aees Shaimaa Al-Aees

VAT, depreciation of Egyptian pound could increase real estate prices by 15%-20%

Real Estate Investment Division demands reducing VAT rate on construction contracts from…

Shaimaa Al-Aees Shaimaa Al-Aees

EGP 65bn increase in deposits at banks in May

The total volume of deposits at banks operating in the Egyptian market,…

Daily News Egypt Daily News Egypt

Loans granted by banks see EGP 60bn increase in May

The total loans granted by banks to their clients, aside from the…

Daily News Egypt Daily News Egypt

Hike of US dollar strengthens currencies against Egyptian pound

Pound sterling jumps to EGP 16 and euro to EGP 13, while…

Hossam Mounir Hossam Mounir

Keeping things as they are is impossible: CBE governor

There is no intention to float the pound for now; Amer did…

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

CBE stabilises Egyptian pound against the US dollar at EGP 8.78

The CBE sold roughly $118.6bn to the banks through its tender.

Hossam Mounir Hossam Mounir

Motorcycle, bicycle prices rise by 20%, following devaluation of Egyptian pound

Prices of motorcycles and bicycles rose by 20%, due to the increase…

Ahmed Eid Ahmed Eid