Will CBE devaluate the pound on Tuesday?
The market awaits the launch of the first post-Eid dollar tender to…
CBE sells $120m to banks to release imported intermediate goods stuck in customs
El-Menilawy added that the CBE on Tuesday morning had asked the departments…
Local, international institutions offer to invest $915.4m in treasury bills
The bank auctioned $700m that will mature in one year’s time on…
Exchange rate to climb to EGP 12.69 by the end of FY 2020: FocusEconomics
Egypt’s economy is standing on shaky ground, says FocusEconomics
JEEP maintains sales growth despite US dollar shortage
Grand Cherokee comes at the forefront selling 356 cars, followed by Renegade
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
Ceramics division demands intervention from PM to save ceramics industry
Increase in gas, US dollar prices pushes up production costs and decreases…
Pound to depreciate to EGP 9.5 to US dollar by end of 2016: Standard & Poor’s
The Central Bank of Egypt (CBE) devaluated the pound by 13% in…
CBE provides banks with $118.7m in weekly auction
The CBE sold US dollars at a fixed price of EGP 9.78.…
EGP devaluation is credit positive for banks: Moody’s
Moody’s forecast of Egypt’s economic growth is lower than the government’s predictions