Pound devaluation shakes market
EGX-30 jumps by 6.7%, amid renewed hopes for FDIs and major concerns…
Unflagging EGP decline threatens Egypt’s economic growth
US dollar is forecasted to break EGP 10 threshold
Government sought to decrease $60bn bill by ‘banning luxurious products’
Around $26bn of Egyptian imports are categorised as “essential”
CBE raises EGP value against dollar by 20 piasters
The central bank will also cover 25% of the temporary credit facilities…
Dollar rise amplifies prices of basic items
CBE decisions are against the interest of citizens, says head of Citizens…
Pound’s value drops by 10 piasters against US dollar
The dollar value had been stable for around 100 days
Egyptian pound devaluation is no longer optional: Salman
Egypt's foreign reserves down by $500m over August
US dollar registers EGP 8 at exchange companies
Pharos expects the dollar exchange rate to drop to EGP 8.5 during…