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" US Dollar"

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Business - Economy
6/24/2024 6:37:49 PM
The Egyptian pound's performance against the US dollar has fluctuated since the last depreciation of the local currency by the Central Bank of Egypt (CBE) on 6 March in line with its commitments to a flexible exchange rate regime under the $8 billion loan deal with the International Monetary Fund (IMF).

Business - Economy
6/6/2024 6:37:32 PM
In the dynamic commerce arena, the convergence of boycott movements against Israeli-backed products and the decrease in production costs resulting from the devaluation of the Egyptian pound has ignited a remarkable surge in the local industry.

Business - Economy
6/1/2024 8:37:48 PM
Ministry of Housing, Utilities, and Urban Communities announced on Saturday suspending its recently implemented land allocation system, which was giving priority to applicants paying in US dollars from abroad.

Business - Economy
5/23/2024 2:25:50 PM
Egypt’s New Urban Communities Authority (NUCA) has given the green light for the sale of land plots in eight cities to 34 foreign companies, all priced in US dollars, read a cabinet statement on Wednesday.

Business - Economy
5/14/2024 7:52:46 PM
The Egyptian pound’s rate against the US dollar declined on Tuesday to 46.92 for selling and 46.79 for buying, its strongest point since 23 March, according to the official exchange rate of the Central Bank of Egypt.

Business - Economy
4/24/2024 4:16:31 PM
The US dollar exchange rate declined against the Egyptian pound at major banks on Wednesday, reaching EGP 47.8 down from EGP 48 recorded on Sunday.

Business - Markets & Companies
4/9/2024 6:22:51 PM
Automotive experts say the US dollar’s recent depreciation in the parallel market has profoundly affected the car industry in Egypt, significantly reducing prices by approximately 20 percent.

Al-Ahram Weekly - Opinion
3/19/2024 2:56:15 PM
America’s success in the world in the seven decades since World War II has always been a function of how well its brand is perceived abroad, writes Tarek Osman in the first in a series of articles

Business - Economy
3/18/2024 5:21:23 PM
The US dollar rate has continued to decline against the Egyptian pound since the Central Bank of Egypt (CBE) announced on 6 March that it would let the value of the local currency be set by market forces.

Business - Economy
3/13/2024 1:36:49 PM
The value of the commodities released over the past 10 days from ports amounted to $1.7 billion, Egypt’s Minister of Finance Mohamed Maait stated on Wednesday.

Business - Economy
3/12/2024 4:26:09 PM
The US dollar rate against the Egyptian pound declined on Tuesday by approximately 1.5 percent to EGP 48.8/1 USD for selling, compared to EGP 49.5/1 USD recorded a week ago and EGP 49/1 USD seen on Monday, according to the rates on the Central Bank of Egypt (CBE)’s website.

Business - Economy
3/7/2024 8:04:00 PM
The Egyptian pound averaged EGP 49.3 against the US dollar in most major banks at the closing of Thursday's trading just 24 hours after the Central Bank of Egypt (CBE) floated the local currency against the greenback.

Business - Economy
3/6/2024 4:41:00 PM
The Egyptian pound experienced a significant drop on Wednesday, declining by 62 percent to approximately EGP 50.1 against the US dollar and EGP 54.5 against the euro.

Business - Economy
2/12/2024 1:13:33 PM
The Central Bank of Egypt (CBE) released a series of measures meant to regulate the use of credit cards by Egyptians abroad. Under the new instructions, customers who fail to provide documented evidence of credit card use during their stay abroad within a maximum period of 90 days will be subject to a series of measures, including the suspension of their credit card and being listed on a platform managed by the Egyptian Credit Bureau.

Egypt - Tourism
2/11/2024 10:56:08 PM
EgyptAir denied on Sunday that its tickets booked inside Egypt are paid for in US dollars, after someone on social media claimed two days ago they could not pay for a ticket on EgyptAir's website in Egyptian pounds, paying in US dollars instead.

Business - Economy
2/4/2024 9:14:27 PM
The US dollar recorded a noticeable drop against the Egyptian pound in the parallel market, reaching approximately EGP 55 over the past few hours, down from a recent peak of EGP 72 in the past few days, according to media reports.

Business - Economy
2/1/2024 8:35:31 PM
​Global investment banks Goldman Sachs and Pictet Asset Management issued recommendations urging investors to purchase Egypt's US dollar-denominated bonds, according to a report by Bloomberg.

Business - Economy
2/1/2024 3:52:05 PM
The National Bank of Egypt (NBE) has launched a new debit card for customers with US dollar accounts, named Visa Platinum, to facilitate customers' overseas purchases, according to a statement released by the state-owned bank on Thursday.

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.

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.

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