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Business - Economy
1/13/2013 6:04:36 PM
Local currency hits 6.56 against greenback, 8.77 against euro, but Egypt's new central bank governor sees no serious cause for concern

Business - Economy
1/10/2013 3:39:34 PM
Local currency slides to LE6.5099 against the US dollar on Thursday following an auction at Egypt's Central Bank

Business - Economy
1/9/2013 3:58:40 PM
Following $2.5 billion aid injection from Qatar, Central Bank of Egypt reduces amount of dollars offered for sale in Wednesday auction to $50 million

Business - Economy
1/9/2013 8:43:26 AM
State firm EGPC buys only half oil volumes it sought for Q1, as traders cite lack of cash, letters of credit

Business - Economy
1/8/2013 2:48:37 PM
The US dollar is sold at LE6.4492 cut-off price to local banks, which means that clients will buy it at around LE6.53

Business - Economy
1/6/2013 2:55:27 PM
Local currency sells at cut-off price of LE6.4185 to the dollar, down from LE6.3860 in the last Thursday's auction

Business - Economy
1/5/2013 5:09:55 PM
To offset the deep devaluation of the local currency, Egypt's largest steel producer raises the rebar price, above record levels

Business - Economy
1/5/2013 12:59:23 PM
Egypt's economists are anxious as the country's foreign currency reserves fall further amid a slow but steady devaluation

Business - Economy
1/4/2013 7:50:00 PM
The international rating agency says the new auction system Egypt introduced to conserve foreign currency reserves increases transparency

Business - Economy
1/3/2013 12:30:00 PM
President Morsi may face problems as the poor segments of Egyptians will barely survive with the current position of the pound against the dollar

Business - Economy
1/2/2013 1:07:45 PM
After Egypt's Central Bank announced regular currency auctions to curb demand on the US dollar, the Egyptian pound settles during currency trading operations Tuesday

Business - Economy
1/2/2013 12:13:37 PM

Business - Economy
1/1/2013 12:14:19 PM
The International Monetary Fund welcomes measures taken by the Central Bank of Egypt to maintain tighter control over foreign currency supply in order to safeguard nation's international reserves

Business - Economy
12/31/2012 1:13:36 PM
The pound drops in the second currency auction to a cutoff price of 6.3050 to the dollar

Business - Economy
12/31/2012 12:55:20 PM
Currency levels will stabilise to normal rates, President Morsi assures

Business - Economy
12/31/2012 12:32:09 PM
New foreign exchange mechanisms will help curb speculation on US dollar and maintain low inflation, say bankers

Business - Economy
12/31/2012 11:59:10 AM
Egyptian Central Bank announces its second US dollar auction to the local banks in its quest to conserve the country's foreign reserves

Business - Economy
12/30/2012 3:12:12 PM
January will see new talks with the IMF over a $4.8 billion loan, says Prime Minister Hisham Qandil

Business - Economy
12/30/2012 2:05:53 PM
New currency regime aimed at conserving reserves sees Egyptian pound fall to an eight year low Sunday afternoon

Business - Economy
12/30/2012 11:02:57 AM
Egypt's Central Bank places a $30,000 daily foreign-currency withdrawal cap on corporates, charges extra fees on currency exchange for individuals

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