Gulf aid bolsters Egyptian pound against the US dollar
Egypt receives aid packages from Saudia Arabia, UAE, and Kuwait
Egyptian pound stabilises against the dollar at 7.04 despite massive protests
Experts: the stability of the pound is “temporary” due to bank closures…
Assets plunge EGP 28.2bn end of March
Egypt’s net foreign assets fell to new low since President Mohamed Morsi…
Engineering consulting company releases quarterly report
The consulting firm says Egypt’s consumption price index increased by 4% due…
Forex auctions carry on
Despite the optimism, the current political insecurity and the unsettled International Monetary…
Egyptian pound slumps to seven against US dollar
Egypt’s currency continues to devalue despite attempts by Central Bank to slow…
Wheat inventories sufficient for 10 months
Government officials announced that Egypt’s current overall wheat inventories will cover the…
Central Bank dollar supply continues to shrink
$37.8m were sold at a forex auction which began last December at…
The diesel crisis: Petroleum minister’s words versus reality
Crisis due to high levels of smuggling and not a shortage in…