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Egypt's central bank sold $38.5 million to banks in a foreign exchange auction on Wednesday, with the cut-off price weakening to 6.9731 Egyptian pounds to the dollar from 6.972 at Monday's auction.
The central bank introduced the auctions...
Egypt's presidency will soon unveil a new draft law on civil society and NGOs that should ease Western and opposition concerns over proposals seen as a threat to the new democracy, a presidential adviser said.
The opposition condemned an...
Egypt's central bank sold $38.4 million to banks in a foreign exchange auction on Monday, with the cut-off price unchanged at 6.972 Egyptian pounds to the dollar for the second auction in a row.
Currency dealers say the government may be...
Presidential spokesperson Ehab Fahmy refused to comment on news circulating that, during their meeting on Saturday, US Secretary of State John Kerry called on President Mohamed Morsy to swiftly carry out economic reforms in order to secure a loan...
Egypt's highest court ruled on Saturday that parts of a revised election law setting out terms for a parliamentary vote were unconstitutional, casting fresh doubt over a poll that has already been delayed.
The Islamist-dominated upper house of...
The $3 billion in aid that the United Arab Emirates pledged for Egypt in 2011 will "take time" to be transferred, the UAE Finance Minister and Dubai Deputy Ruler said on Friday.
"We are going in the right way but it will take time. I...
Egypt will refund taxes collected from Qatar National Bank 's acquisition of National Societe Generale Bank to shareholders on Sunday, an official from a clearing company told Reuters on Saturday.
The clearing company will return 10.2 million...
LONDON - Two British men of Nigerian descent accused of hacking a soldier to death on a London street in revenge for wars in Muslim countries were known to security services, a source close to the investigation said Thursday.
One man, filmed...
The Egyptian government said on Wednesday it would supply more gas and diesel to power stations to deal with electricity shortages that have worsened in recent months after the cash-strapped country failed to import enough fuel.
The government has...
EFG Hermes, Egypt's biggest investment bank, saw net profit jump 27 percent in the first quarter from the same period a year earlier, the bank said on Wednesday.
Net profit for the period increased to 98 million Egyptian pounds ($14 million)...
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