Tag: egyptian pound

Some banks raise interest on savings vessels after CBE decision, public banks to follow suit

Some banks operating in the local market have quickly raised the interest…

Hossam Mounir

3 factors determine effectiveness of flotation in boosting acquisition assessments, offerings to foreign investors

Egyptian companies’ ability to pass the price increase to consumers and banks’…

Mohamed Ahmed

Banks looking forward to returns on debt instruments following Egyptian pound’s flotation, raising interest by 3%

The average return on initial treasury bills increased by 3.6% and exceeded…

Hossam Mounir

Banks confused over US dollar pricing during first 3 days after flotation

Chaos is normal since this is the first time for Egypt, but…

Hossam Mounir

Pound’s flotation on the table since December 2015 as part of an integrated economic reform programme: CBE governor

Amer reveals preparations behind 3 November decisions, saying they were supported by…

Hossam Mounir

Electricity production costs to increase by 40%

The cost of the production of electricity is expected to increase by…

Mohamed Farag

50% increase in gas prices sold to factories due to Egyptian pound’s flotation

Factories' agreements for gas were signed according to the official market rate…

Mohamed Adel

General Division of Computer and Software expects prices to fall by 15% in coming weeks

The head of the FEDCOC said that prices will continue to fall…

Mohamed Alaa El-Din

Impact of the Egyptian pound’s flotation will be measured in the coming days: experts

The CBE announced on Thursday that it would float the Egyptian pound,…

Hisham Salah