Economy

Egypt Central Bank, no intention to pass digital currency trading legislation

Egypt Central Bank, no intention to pass digital currency trading legislation

Egypt’s central bank said it has no intention of issuing legislation or passing a special law that allows the trading…
US dollar exchange rate records minor change Tuesday

US dollar exchange rate records minor change Tuesday

The exchange rate of the US dollar recorded slight variations against the Egyptian pound during banking dealings Tuesday. According to…
Lebanese president signs public sector pay rise and tax hike laws

Lebanese president signs public sector pay rise and tax hike laws

 Lebanese President Michel Aoun signed off on public sector wage increases and related tax hikes on Monday, the national news…
US dollar maintains prices Sunday

US dollar maintains prices Sunday

The US dollar maintained its rates against the Egyptian pound within banking dealings Sunday. According to the last price updates,…
US pharmaceutical companies look to increase investments in Egypt

US pharmaceutical companies look to increase investments in Egypt

Representatives of US pharmaceutical companies expressed their interest in a possible increase of investments in Egypt, and praised the measures…
World stocks skid as US politics, Spain attack hit sentiment

World stocks skid as US politics, Spain attack hit sentiment

World stock markets fell Friday as investors reacted to US political upsets and the terror attack in Spain. European shares…
US dollar maintains its prices in Egypt’s banks

US dollar maintains its prices in Egypt’s banks

The exchange rate between the US dollar and the Egyptian pound was stable during banking trade on Thursday morning. Banking…
Egypt’s first bitcoin exchange to begin trading this month

Egypt’s first bitcoin exchange to begin trading this month

Egypt’s first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said, linking the Middle East’s…
Egypt’s central bank seen holding interest rates after unexpected hikes

Egypt’s central bank seen holding interest rates after unexpected hikes

Egypt’s central bank is seen leaving key interest rates unchanged this month, a Reuters poll indicated on Tuesday, after it…
Egypt tourism revenue bounces back after crippling dollar shortage: Bloomberg

Egypt tourism revenue bounces back after crippling dollar shortage: Bloomberg

Egypt’s tourism revenues rose to $1.5 billion in the fourth quarter of 2017, up from $510 million in the same…
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