Economy
Egypt proposes customs exemptions on cars for its expats: minister
February 21, 2017
Egypt proposes customs exemptions on cars for its expats: minister
Minister of Immigration and Egyptian Expatriate Affairs Nabila Makram announced on Monday that the Committee for Customs Exemptions for Egyptian…
Eurozone economy seen running at near 6-year high
February 21, 2017
Eurozone economy seen running at near 6-year high
Economic growth in the 19-country eurozone accelerated in February to reach the strongest pace in nearly six years, a closely…
US judge rejects Deutsche Bank AG’s bid to dismiss currency-rigging lawsuit
February 20, 2017
US judge rejects Deutsche Bank AG’s bid to dismiss currency-rigging lawsuit
A US judge has rejected Deutsche Bank AG's bid to dismiss a lawsuit claiming it delayed foreign exchange trades to…
4 factors to decide future of the pound in short term: Pharos
February 20, 2017
4 factors to decide future of the pound in short term: Pharos
Pharos Holding Investment Bank projected four factors to decide the future of the Egyptian pound exchange rate against the US…
Hermes projects US dollar’s exchange rate at LE14.5 pounds in few weeks
February 20, 2017
Hermes projects US dollar’s exchange rate at LE14.5 pounds in few weeks
EFG-Hermes on Sunday projected the US dollar exchange rate to further decline to LE14.5 over the next few weeks. Ahmed Shams…
US dollar exchange rate continues decline to lowest levels since November
February 17, 2017
US dollar exchange rate continues decline to lowest levels since November
The US dollar exchange rate fell against the Egyptian pound on Thursday to stand at LE16 for the first time…
As pound strengthens, Egypt adjusts customs exchange rate to 16 per dollar
February 17, 2017
As pound strengthens, Egypt adjusts customs exchange rate to 16 per dollar
Egypt will change its dollar exchange rate for customs to 16 pounds from 18.5 pounds on Thursday, after the Egyptian…
Eni, BP plan more investments in Egypt than any other country
February 16, 2017
Eni, BP plan more investments in Egypt than any other country
Eni and BP, Italian and British companies operating in the oil and natural gas excavation field, plan to invest more…
US dollar hits lowest against Egyptian pound in almost a month
February 16, 2017
US dollar hits lowest against Egyptian pound in almost a month
The US dollar exchange rate continued to decline on Thursday to stand at LE16.45 for purchasing and LE16.5 for selling…
Some Egypt airport security details remain problematic: Russian official
February 16, 2017
Some Egypt airport security details remain problematic: Russian official
Russia's upper house of parliament speaker said Wednesday that Cairo had enhanced most security issues to allow for safe Egypt-Russia…