Economy
Egypt’s central bank seen holding off cutting rates because of still-high inflation: Reuters poll
November 15, 2017
Egypt’s central bank seen holding off cutting rates because of still-high inflation: Reuters poll
With Egypt’s inflation still above 30 percent, the central bank is expected keep its key interest rates on hold in…
Egypt’s CIB to boost Tier 2 debt as it looks to African growth
November 15, 2017
Egypt’s CIB to boost Tier 2 debt as it looks to African growth
Egypt’s Commercial International Bank (CIB) plans to boost Tier 2 capital through dollar-denominated subordinated loans as it seeks to diversify…
Egypt court ruling to reinstate ergot ban in wheat imports: lawyer
November 15, 2017
Egypt court ruling to reinstate ergot ban in wheat imports: lawyer
An Egyptian court on Tuesday effectively reinstated a ban on wheat imports containing even trace levels of the common grain…
Egypt plans to reduce inflation to 13 percent by end of 2018: CBE Governor
November 14, 2017
Egypt plans to reduce inflation to 13 percent by end of 2018: CBE Governor
Tarek Amer, Governor of the Central Bank of Egypt (CBE), stated on Monday that the country is taking active measures…
OPEC sees tighter 2018 oil market as demand grows, supply falls
November 13, 2017
OPEC sees tighter 2018 oil market as demand grows, supply falls
OPEC on Monday forecast higher demand for its oil in 2018 and said its production-cutting deal with rival producers was…
Dollar exchange rate sees slight decline on Monday: Egypt banks
November 13, 2017
Dollar exchange rate sees slight decline on Monday: Egypt banks
US dollar prices against the Egyptian pound declined in several Egyptian banks on Monday after the greenback maintained prices in October…
US dollar exchange rate stable during Sunday trading
November 12, 2017
US dollar exchange rate stable during Sunday trading
The US dollar exchange rate was stable against the Egyptian pound on Sunday morning trading in Egypt’s banks. The National Bank of…
S&P lifts Egypt’s sovereign rating outlook to ‘positive’
November 11, 2017
S&P lifts Egypt’s sovereign rating outlook to ‘positive’
International rating agency Standard and Poor’s (S&P) raised on Friday Egypt’s sovereign rating outlook to ‘positive’ from ‘stable’. S&P affirmed Egypt’s…
Dollar set for biggest weekly drop in four weeks
November 10, 2017
Dollar set for biggest weekly drop in four weeks
The dollar edged higher on Friday as an overnight spike in US Treasury bond yields prompted some investors to buy…
Egypt inflation eases, paving way for looser monetary policy
November 10, 2017
Egypt inflation eases, paving way for looser monetary policy
Egypt’s inflation dipped for the third month in a row in October after hitting a record high on energy price…