Flotation supports economy, but unfavourable for auto sector: Egyptian Automotive Dealers Association chairperson
Osama Aboul Maged, the chairperson of the Egyptian Automotive Dealers Association, praised…
Car companies halt sales to reprice in wake of CBE decision
Car companies halted their sales processes to review prices after the Central…
Real estate developers await stability in prices of construction material following pound’s flotation
The CBE’s decision to float the Egyptian pound is viewed as a…
US dollar price increases in mid-Sunday trading to EGP 16.5
The price of the US dollar increased in the five major banks…
Minimal trading among banks on first day of inter bank mechanism
The trading of US dollar among banks on the first day of…
EGX jumps by 6.1% during Sunday’s trading
The Egyptian Exchange (EGX) recorded the highest daily rise in trading in…
Fuel subsidy cost to increase to EGP 64bn following pound’s flotation: Petroleum Minister
The cost of the petroleum product subsidies will increase to EGP 64bn…
Long-awaited pound flotation ends market’s long-standing state of suffocation: bank exchange market officials
While this decision has its advantages and disadvantages, it is the only…
Euro and pound jittery as Brexit referendum approaches
The euro and pound have fallen as the Brexit referendum approaches in…
Medicines price increase does not commensurate with devaluation of Egyptian pound against US dollar
The decision includes increasing prices of 70% of local and imported medicines
