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Trade exchange between Egypt, Ukraine reaches US$941 mn in 2015

Trade exchange between Egypt, Ukraine reaches US$941 mn in 2015

Trade exchange between Egypt and Ukraine reached US$941 million during an 11-month period in 2015, according to Ukrainian Ambassador to…
Air France-KLM revenue stuck in Egypt amid dollar crisis

Air France-KLM revenue stuck in Egypt amid dollar crisis

Air France-KLM has urged Egypt to release upward of 100 million Egyptian pounds (US$13 million) in revenue it is unable…
Egypt’s Midor signs US$1.2 billion loan agreement

Egypt’s Midor signs US$1.2 billion loan agreement

Egypt's state-owned Middle East Oil Refinery Company (Midor) has signed an initial loan agreement with three banks for US$1.2 billion,…
Egyptian pound steady at forex sale, weaker on black market

Egyptian pound steady at forex sale, weaker on black market

The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened on the…
CBE not to reduce pound exchange rate: governor

CBE not to reduce pound exchange rate: governor

The Central Bank of Egypt (CBE) will not reduce the exchange rate of the Egyptian pound before the foreign reserves…
Orascom projects in Ethiopia delayed, not cancelled, says chairman

Orascom projects in Ethiopia delayed, not cancelled, says chairman

Samih Sawiris, Chairman of Orascom Development Holding, has blamed the delayed investment of his company in Ethiopia on Egypt’s stance…
Egyptian pound steady at forex sale and black market

Egyptian pound steady at forex sale and black market

The Egyptian pound held steady against the dollar at an official foreign currency auction on Sunday and on the black…
China removes stocks regulator head after market woes

China removes stocks regulator head after market woes

China has removed the head of its securities regulator following a turbulent period in the country's stock markets, appointing a…
Central Bank chief dismisses reports of investor exit as ‘malicious’

Central Bank chief dismisses reports of investor exit as ‘malicious’

Central Bank Governor Tareq Amer has assured Egyptians of the resilience of the country’s economy, dismissing reports about investors leaving…
Egypt signs US$500 mn facility agreement with Afreximbank to ease FX shortage

Egypt signs US$500 mn facility agreement with Afreximbank to ease FX shortage

The African Export-Import Bank (Afreximbank) has agreed a US$500 million facility with the Central Bank of Egypt (CBE) to help…
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