Business

Business

16:01
Egypt's central bank sold US$118.7 million at its regular rate of 8.78 to the dollar at Tuesday's sale. Egypt's pound strengthened on the black market, traders quoting rates of 10.40/10.50 to the dollar,...
15:48
Businessman Naguib Sawiris
Egyptian billionaire Naguib Sawiris said on Sunday his bid to acquire CI Capital, the investment arm of Egypt's largest listed bank, was being held up by national security concerns. He criticised the state for...
12:30
Egypt's central bank will from now on hold one foreign currency auction per week on Tuesdays, when it will sell US$120 million, bankers told Reuters on Sunday. The bank previously held three auctions per week on...
16:43
EgyptAir is considering increasing prices of plane tickets following a recent 14 percent surge in the US dollar price against the Egyptian pound, according to a senior company official. Though the company has not yet...
16:57
Egypt's central bank will hold the pound steady at 8.85 pounds per dollar at an exceptional foreign currency auction on Tuesday, three banking sources told Reuters, a day after the bank devalued the currency. Egypt...

Video

Spanish police arrested Egyptian businessman Hussein Salem late last week on charges of money...

Economy

Daimler (DAIGn.DE) has hired auditor Deloitte Touche Tohmatsu to help with an...
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