Business
US$20 billion investments in Egypt within 10 years: Chinese bank
February 22, 2017
US$20 billion investments in Egypt within 10 years: Chinese bank
Minister of International Cooperation Sahar Nasr met on Wednesday with a delegation from the Industrial and Commercial Bank of China…
US dollar declines again in Egypt’s banks
February 22, 2017
US dollar declines again in Egypt’s banks
US dollar exchange rate declined against Egyptian pound on Wednesday after fluctuating between increases at some banks and decreases as…
Saudi Aramco taps JPMorgan, Morgan Stanley for IPO, HSBC a contender: source
February 22, 2017
Saudi Aramco taps JPMorgan, Morgan Stanley for IPO, HSBC a contender: source
Oil giant Saudi Aramco has asked JPMorgan Chase & Co and Morgan Stanley to assist with its upcoming mammoth IPO…
Eight banks increase US dollar exchange rate
February 21, 2017
Eight banks increase US dollar exchange rate
Eight banks have raised their exchange rates for the US dollar between three to eight piasters, after three weeks of…
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…