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Egypt’s pound steady at official auction, stronger on black market

Egypt’s pound steady at official auction, stronger on black market

Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Monday,…
EFG Hermes holds annual MENA investment conference

EFG Hermes holds annual MENA investment conference

EFG Hermes, one of the Middle East’s largest investment banks, kicked off its annual One-on-One conference in Dubai on Monday, gathering…
Minister: Egypt to double FDI this fiscal year

Minister: Egypt to double FDI this fiscal year

Egypt expects to attract US$8 billion of foreign direct investment in the current fiscal year through June, up from $4…
Egypt’s Edita to list 30% of ordinary shares in secondary offering

Egypt’s Edita to list 30% of ordinary shares in secondary offering

Egyptian foodmaker Edita said on Monday it would put up to 30 percent of its ordinary shares on the Egyptian…
CEO: EFG Hermes eyes Egypt renewables investments, leasing business

CEO: EFG Hermes eyes Egypt renewables investments, leasing business

Egyptian investment bank EFG Hermes is studying investments in renewable energy and hopes to start a leasing business in its…
C bank governor :Egypt to keep using interbank market “in coming period”

C bank governor :Egypt to keep using interbank market “in coming period”

Egypt's central bank will continue using the interbank market "in the coming period" alongside regular dollar auctions, the bank's governor…
Egypt’s central bank sells $420 mln in interbank marke

Egypt’s central bank sells $420 mln in interbank marke

Egypt's central bank said on Sunday it sold US$420 million in the interbank market, after a regularly-scheduled dollar auction did…
Egypt’s market losses LE2.9 billion on Sunday , EGX30 drops 0.54%

Egypt’s market losses LE2.9 billion on Sunday , EGX30 drops 0.54%

Egypt's market main index EGX30 Sunday decreased  0.54 percent to record 9,283.59 points and a weak turnover of LE345million, the…
Egypt demands reactivation of US export customs exemption

Egypt demands reactivation of US export customs exemption

Egypt has demanded the reactivation of a customs exemption system for its exports to the United States.
Egypt equities lose LE15.6 billion in February

Egypt equities lose LE15.6 billion in February

Egypt's market main index EGX30  incurred losses 5.2 percent  in February, and market capital lost LE15.6 billion ( US$2.04 billion)…
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