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Business
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Economy
10/27/2022 10:59:19 PM
Gold prices in the Egyptian market recorded a remarkable increase on Thursday a few hours after the latest rise in the value of the US dollar against the Egyptian currency and the rise of key interest rates.
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Business
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Economy
10/27/2022 10:00:48 PM
The US dollar exchange rate recorded a rise of 3.15 pounds at the end of Thursday's transactions at Egypt's major banks.
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Business
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Economy
10/27/2022 3:19:48 PM
The Egyptian pound fell on Thursday during trading hours by 17 percent against the US dollar and 19 percent against the euro as the Central Bank of Egypt adopts a "flexible exchange-rate regime" as part of the new economic reform programme.
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Business
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Economy
10/27/2022 12:20:30 PM
The National Bank of Egypt (NBE) issued on Thursday a three-year-maturity platinum saving certificate with an annual yield of 17.25 percent.
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Business
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Economy
10/26/2022 12:21:51 PM
Egypt has witnessed stable exchange rates of the US dollar and the Euro currencies at the beginning of Wednesday transactions at major banks.
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Business
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Economy
10/25/2022 10:51:06 PM
Reaching a deal with the International Monetary Fund (IMF) and launching an index for the Egyptian pound were among the top recommendations suggested by the Egypt Economic Conference 2022 as it concluded on Tuesday.
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Business
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Economy
10/23/2022 11:24:36 PM
The Central Bank of Egypt (CBE) is working on setting an index for the Egyptian pound that will be linked to a basket of gold and other currencies besides the US dollar, the CBE’s acting governor Hassan Abdalla said on Sunday.
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Business
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Economy
10/23/2022 3:49:10 PM
Egypt’s Prime Minister Mostafa Madbouly affirmed on Sunday that Egypt prioritises curbing inflation over the issue of exchange rate, stressing that the devaluation of the Egyptian pound does not mean that the economy is in a bad situation.
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Business
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Economy
10/18/2022 4:47:32 PM
The exchange rates for the US dollar and Euro at the beginning of Tuesday's transactions in major banks in Egypt were stable.
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Al-Ahram Weekly
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Egypt
10/12/2022 11:13:00 AM
The Central Bank of Egypt is taking measures to support the Egyptian pound as inflation continues to rise
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Business
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Economy
9/28/2022 2:51:00 PM
The Egyptian pound plunged to a new low against the US dollar on Wednesday amid a shortage in foreign currency in the country.
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Business
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Economy
9/17/2022 8:59:22 PM
Moscow uses local currency settlement mechanism in trade exchange between Russia and Egypt - mutual acceptance of payments in the Russian ruble or the Egyptian pound - amid western sanctions that have blocked the country's access to the dollar and euro since the start of the Ukraine crisis, Russian Ambassador to Cairo Georgy Borisenko said.
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Business
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Economy
9/1/2022 11:08:00 PM
Since the onset of the war in Ukraine in March, the Egyptian pound has been devalued by over 20 percent against the US dollar, reaching the highest level of inflation since the implementation of the IMF-backed economic reform programme in late 2016.
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Egypt
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Society
8/19/2022 6:22:49 PM
Ahram Online looked into why the price of the gold in Egypt has recently surged to nearly 10 percent more than international rates, revealing that it is largely due to the declining value of the Egyptian pound against the dollar.
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Business
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Economy
8/13/2022 4:10:37 PM
The foreign exchange gap in Egypt is closing, as the dollar gap decreased from $3.9 billion last February to $400 million in July thanks to the decisions of the Central Bank of Egypt (CBE) to regulate imports, said First Deputy Governor of the CBE Gamal Negm.
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Al-Ahram Weekly
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Egypt
8/3/2022 12:10:00 PM
Recent rises in US interest rates are driving the dollar higher against other world currencies, including the Egyptian pound.
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Egypt
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Courts & Law
7/6/2022 8:23:02 PM
Egypt’s Prosecutor General announced on Wednesday that he ordered an investigation into a complaint by former PM Ibrahim Mahlab against a man who claimed that the former premier was arrested after transferring billions of Egyptian pounds abroad.
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Business
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Economy
5/8/2022 10:08:44 PM
After a nine-day holiday due to Eid El-Fitr and Labour Day celebrations, Egypt’s banking sector resumed work on Sunday amid calm as the Egyptian pound remained stable despite the US Federal Reserves' recent decision to raise interest rates.
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Business
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Economy
5/6/2022 9:43:42 PM
With the US Federal Reserve (Fed) deciding to increase its interest rate by a rare half-percentage-point — the largest increase in two decades — in an effort to reduce burgeoning inflation that is running at a four-decade high, major economic impacts are looming for countries worldwide, especially emerging markets like Egypt.
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Business
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Economy
3/23/2022 5:36:02 PM
The USD’s value declined on Wednesday against the Egyptian Pound (EGP) by the end of Wednesday’s trading session following two days of increase.
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