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US dollar exchange rates decline locally after Trump victory

US dollar exchange rates decline locally after Trump victory

The US dollar exchange rate continued to decline globally and locally on Thursday after Donald Trump was elected new US…
Egypt currency floatation drives up budget deficit

Egypt currency floatation drives up budget deficit

The decision to float the Egyptian pound caused confusion and revealed flaws in government estimates, which led, in preliminary indicators,…
Uber, Careem expected to raise fares, Ousta announces price increase

Uber, Careem expected to raise fares, Ousta announces price increase

Egypt’s ride-hailing services Uber and Careem are considering increasing their fares, while Ousta has already raised their fares in the…
Egypt to cut down imported medicines for three months

Egypt to cut down imported medicines for three months

After the Central Bank of Egypt (CBE) announced the pound floatation last Thursday, pharmaceutical companies have notified pharmacies Monday that…
Lawyer files lawsuit to cancel floating of Egyptian pound

Lawyer files lawsuit to cancel floating of Egyptian pound

Lawyer Ali Ayyub filed a lawsuit on Sunday at the State Council to demand canceling of the decision by Central…
Saudi’s Savola says faces 171 mln riyal Q4 hit from Egypt pound float

Saudi’s Savola says faces 171 mln riyal Q4 hit from Egypt pound float

Saudi Arabia's Savola Group , the country's largest food products company, said on Monday that the floatation of the Egyptian…
Dollar jumps after Clinton gets eleventh-hour election boost

Dollar jumps after Clinton gets eleventh-hour election boost

The dollar jumped on Monday as news that Hillary Clinton would not face criminal charges related to her use of…
Saudi Aramco halts petroleum product shipments to Egypt until further notice

Saudi Aramco halts petroleum product shipments to Egypt until further notice

National oil firm Saudi Aramco informed Egyptian authorities that it would halt shipments of petroleum products to Egypt "until further…
Egypt to submit letter of intent to IMF within three days -fin min quoted

Egypt to submit letter of intent to IMF within three days -fin min quoted

Egypt will submit within two or three days a letter of intent to the International Monetary Fund for a $12…
Egypt delays third LNG terminal until electricity needs determined – official

Egypt delays third LNG terminal until electricity needs determined – official

Egypt will delay plans to rent a third liquefied natural gas import (LNG) terminal for one month, until the ministry…
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