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" Exchange Rate"

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Al-Ahram Weekly - Opinion
3/14/2024 11:25:00 PM
Though widely anticipated, the move by the Central Bank of Egypt (CBE) last Wednesday to allow market forces to determine the Egyptian pound’s exchange rate took everyone by surprise.

Al-Ahram Weekly - Egypt
3/12/2024 8:28:53 PM
Al-Ahram Weekly gauges people’s concerns following the liberalisation of the exchange rate.

Egypt - Politics
3/9/2024 10:45:00 PM
President Abdel-Fattah El-Sisi said on Saturday that the government's decision last week to adopt a flexible exchange rate would have not been possible without securing “a significant influx of funding.”

Egypt - Society
2/6/2024 6:46:02 PM
Dollar exchange rate and Red Sea tensions are among key reasons behind the significant surge in coffee prices that Egypt has been recently witnessing, Hassan Fawzy, head of the Coffee Division at Cairo Chamber of Commerce, said on Tuesday.

Business - Economy
2/1/2024 1:02:03 PM
The 12-month non-deliverable forward contracts for the Egyptian pound against the US dollar surged to an all-time high of EGP 63, with short-term contracts also following this upward trend, according to Bloomberg.

Al-Ahram Weekly - Economy
2/1/2024 10:34:00 AM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is to hold its first meeting for 2024 on Thursday to review key interest rates amid unprecedented economic challenges. The CBE’s next move on interest rates is unpredictable.

Business - Economy
1/31/2024 4:36:22 PM
The US dollar rate in Egypt’s currency parallel market has soared to a new peak, hitting EGP 72 per USD, multiple sources in the local market reported to Ahram Online.

Business - Markets & Companies
1/24/2024 3:57:16 PM
Gold prices broke all records on Wednesday with the gold pound coin exceeding EGP 30,000 for the first time.

Business - Economy
1/24/2024 1:11:51 PM
The Egyptian pound’s forward exchange rate against the US dollar for one-year contracts reached a new peak at EGP 54.26 on Tuesday, according to Reuters.

Business - Markets & Companies
1/23/2024 4:09:51 PM
The Egyptian Exchange's (EGX) main index dropped by 1.65 percent on Tuesday, with the market cap losing EGP 17 billion, while gold prices increased.

Business - Economy
1/22/2024 6:34:52 PM
Saudi Islamic Al-Rajhi Bank, one of the biggest banks in the country, suspended transactions in Egyptian pounds across all of its branches in the kingdom, an informed source at the bank told Ahram Online.

Business - Markets & Companies
1/22/2024 3:05:22 PM
The Egyptian Exchange (EGX) indices and gold prices reached new record levels on Monday. The main index EGX30 surpassed 28,050 points and the 21-carat gold exceeded EGP 3,585 per gram.

Business - Economy
1/22/2024 2:40:20 PM
Egypt may devalue the Egyptian pound to bridge the gap with its traded rate in the parallel market, said Fakhry El-Fiqi, head of the Planning and Budget Committee in the House of Representatives.

Business - Markets & Companies
1/21/2024 3:34:15 PM
The Egyptian Exchange (EGX) indices reached record levels on Sunday and the main index surpassed 27,700 points for the first time in its history.

Al-Ahram Weekly - Economy
1/16/2024 9:20:21 PM
The government’s newly released six-year economic strategy includes ambitious targets for foreign investment, exports, and the exchange rate of the Egyptian pound, reports Gamal Essam El-Din

Business - Markets & Companies
1/14/2024 4:33:18 PM
The USD has approached a new high of EGP 57 in the parallel market in Egypt, while gold prices started the week with EGP 100 jumps in the gram price of different carats.

Business - Economy
1/10/2024 3:41:25 PM
The Egyptian government plans to develop an AI-based system to predict crises in the local marjet, especially hikes in the prices of commodities and staples, Osama El-Gohary, assistant Prime Minister and head of the Cabinet’s Information and Decision Support Centre (IDSC), said on Wednesday.

Business - Economy
1/7/2024 4:14:23 PM
Egypt is set to adopt a flexible exchange rate policy to adjust the pound’s value against the US dollar to meet a 39.61 rate planned by 2028, according to a document released by the Egyptian Cabinet's Information and Decision Support Center (IDSC).

Business - Economy
1/7/2024 2:00:50 PM
Egypt’s real GDP growth is projected at 4.1 percent in 2024 and the US dollar exchange rate to jump to EGP 39.7 through end of the year, BMI Country Risk and Industry Analysis, one of Fitch Solutions’ services, said in a new report shared with Ahram Online.

Al-Ahram Weekly - Economy
1/2/2024 8:30:22 PM
Efforts to stem the parallel market for dollars are continuing, reports Niveen Wahish

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