US dollar shortage threatens NCMP EGP 1.2bn expansion plan
The National Company for Maize Products (NCMP) is considering temporarily suspending its…
US dollar loses over 50 piastres on informal market following announcement of $12bn loan from IMF
The US dollar is likely to see more depreciation in the coming…
Dollar shortage created an inflationary recession in the local market: investors
Manufacturers rely on the informal market for US dollars, and securing 25%…
Egyptian factories to close due to US dollar crisis: Nation’s Future Party
Head of the industrial committee in the Nation's Future Party Mohamed Garhi…
Hike of US dollar strengthens currencies against Egyptian pound
Pound sterling jumps to EGP 16 and euro to EGP 13, while…
Banks obtained $26.8bn from the CBE to finance importing basic commodities from 30 December 2012 until 19 July 2016: CBE
The CBE held 462 regular auctions to sell $19.382bn as well as…
How can Al-Sisi fulfil his promise to solve the US dollar shortage in 170 days?
Stability of the foreign exchange market requires the government and the CBE…
Keeping things as they are is impossible: CBE governor
There is no intention to float the pound for now; Amer did…
CBE stabilises Egyptian pound against the US dollar at EGP 8.78
The CBE sold roughly $118.6bn to the banks through its tender.
Strong dollar increases chances for real estate stocks to rise supported by strong financial performance
Most real estate stocks have been on the rise over the past…