Tag: US dollar

CBE launches its regular auction with $120m, fixes US dollar at EGP 8.78

The Central Bank of Egypt (CBE) launched Tuesday its regular weekly auction…

Hossam Mounir Hossam Mounir

House of Representatives summons government to clarify ‘confused’ economic policy

We expect a significant decline in all economic indicators during the first…

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

Stability of monetary policy, simplified government measures attract investment: Infinix

Infinix Corporation, specialised in manufacturing smartphones, is working to develop after-sales services…

Mohamed Alaa El-Din Mohamed Alaa El-Din

CBE fixes pound’s price against US dollar on Tuesday, market still awaiting devaluation

Possibility of launching exceptional auction completed ruled out for now, as the…

Hossam Mounir Hossam Mounir

Government to include capital gains tax in economic reform programme: Chris Jarvis

The IMF mission chief to Egypt spoke at the IMF and World…

Daily News Egypt Daily News Egypt

CBE concludes week without changing pound’s price, contrary to market expectations

Market expectations inclined towards floating the exchange rate or reducing the value…

Hossam Mounir Hossam Mounir

Contrary to market expectations, CBE fixes US dollar price in its regular auction

The bank directed the auctioned US dollar to cover imports of pharmaceutical…

Hossam Mounir Hossam Mounir

Local market holds breath in anticipation of large devaluation of Egyptian pound

CBE may either offer exceptional US dollar tender or direct banks to…

Hossam Mounir Hossam Mounir

Fully fledged float of the Egyptian pound imminent: Beltone Financial

The state may have implied that a currency liberalisation and peg to…

Nicholas Mehling Nicholas Mehling

Recovery of stock market depends on stabilising US dollar at EGP 12: Beltone Financial

Lack of integrated economic policy wasted the benefits of Egyptian pound’s devaluation

Asmaa Nabil Asmaa Nabil