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Business
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Economy
12/24/2024 7:15:11 PM
The Egyptian pound exchange rate has fluctuated over the past three weeks in line with the IMF’s fourth review to reach EGP 50.97/$1 for selling and EGP 50.83/$1 for buying, marking a 0.33-percent decline, compared to EGP 51.14/$1 for selling and EGP 51/$1 for buying on Monday.
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Business
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Economy
12/23/2024 4:59:12 PM
The US dollar reached its highest level on Monday against the Egyptian pound since March of this year, reaching EGP 51.14, according to the Central Bank of Egypt (CBE)’s official website.
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Business
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Economy
12/19/2024 6:09:25 PM
The Egyptian pound exchange rate rose slightly by 1.84 percent on Thursday, reaching EGP 50.98/$1, up from EGP 50.06/$1 on 5 December, according to the Central Bank of Egypt (CBE).
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Business
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Economy
12/12/2024 6:15:08 PM
The Egyptian pound exchange rate increased slightly on Thursday by 1.7 percent to EGP 50.91/$1, compared to EGP 50.06/$1 last Thursday, according to the Central Bank of Egypt (CBE).
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Business
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Economy
12/9/2024 7:53:14 PM
The Egyptian pound exchange rate slightly increased on Monday by 0.54 percent to EGP 50.58/$1, compared to EGP 50.31/$1 on Sunday, according to the official rates of the Central Bank of Egypt (CBE).
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Business
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Economy
12/9/2024 11:54:47 AM
The Egyptian pound exchange rate slightly increased on Sunday by 0.5 percent to EGP 50.31/$1, compared to EGP 50.06/$1 on Thursday, according to the official rates of the Central Bank of Egypt (CBE).
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Business
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Economy
12/5/2024 7:28:41 PM
The US dollar rate reached on Thursday its highest level ever against the Egyptian pound, recording EGP 50.04 /$1, according to the official rates on the Central Bank of Egypt (CBE) and a group of banks in the local market.
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Business
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Economy
11/30/2024 9:17:06 PM
Prime Minister Mostafa Madbouly stressed that the government will not repeat previous mistakes, emphasizing that maintaining a flexible exchange rate for the US dollar would boost the Egyptian economy's sustainability, investor confidence, and the private sector.
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Business
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Economy
11/20/2024 8:37:37 PM
The US dollar reached its highest level against the Egyptian pound on Wednesday since March of this year, reaching EGP 49.80/$1, according to the Central Bank of Egypt's (CBE) official website.
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Business
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Economy
10/31/2024 6:23:35 PM
The exchange rate between the US dollar and the Egyptian pound has risen above EGP 49 for $1 for the first time since August, according to the Central Bank of Egypt (CBE).
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Business
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Economy
10/25/2024 4:27:39 PM
Raising the yields on US dollar-denominated certificates and other deposits by Banque Misr does not indicate an expected devaluation of the local currency or problems regarding the availability of the US dollar in the local market, financial market analyst Ahmed Moaty told Ahram Online.
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Business
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Economy
8/25/2024 8:17:16 PM
Egypt's automotive market is facing mounting pressure from rising prices and dwindling supply. The US dollar's surge against the Egyptian pound, coupled with a shortage of imported vehicles, has fueled the re-emergence of the "over-price" imposed on first-hand vehicles.
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Business
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Markets & Companies
8/15/2024 6:50:54 PM
The exchange rate between the US Dollar and Egyptian Pound decreased on Thursday below EGP 49/ USD1 for the first time in 10 days, according to the Central Bank of Egypt (CBE)’s official website.
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Business
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Economy
8/12/2024 7:14:14 PM
BMI, a research firm associated with Fitch Solutions, forecasts a depreciation of the Egyptian pound against the US dollar throughout the remainder of 2024.
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Business
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Economy
8/8/2024 12:53:45 PM
The Central Bank of Egypt (CBE) declared Wednesday that remittances from Egyptian expats increased by 65.9 percent in June 2024 to reach $2.6 billion, compared to $1.5 billion in June 2023.
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Business
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Economy
8/5/2024 7:33:45 PM
The US dollar reached its highest level against the Egyptian pound on Monday since 7 March, only a day after Egypt’s last EGP devaluation decision, according to the Central Bank of Egypt's (CBE) official website.
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Business
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Economy
8/1/2024 8:32:39 PM
International Business Associates Group for Money Transfer Services (IBAG), the official agent of Western Union International in Egypt, announced Thursday the launch of the first phase of the company's services, which allows receiving and sending money transfers in US dollars and Egyptian pounds through 20 branches of Banque Du Caire.
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Business
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Economy
7/31/2024 8:55:00 PM
The US dollar rate against the Egyptian Pound (EGP) hit its highest level on Wednesday since April.
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Business
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Economy
7/29/2024 5:58:00 PM
Potatoes are one of Egypt's strategic crops and a staple that Egyptians rely on, especially with the inflationary wave the country is experiencing and the low purchasing power resulting from local currency devaluation for the fourth time.
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Business
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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).
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