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Dollar selling price reaches LE6.42 in banks, exchange bureaus

Dollar selling price reaches LE6.42 in banks, exchange bureaus

The dollar continued to rise against the Egyptian pound during trading on Monday in banks and exchange bureaus, despite the…
Central bank offers US$75 mln at 2nd currency auction

Central bank offers US$75 mln at 2nd currency auction

  Egypt's central bank said it was offering to sell US$75 million to banks on Monday at its second foreign currency…
State budget suffers incurable disease, says finance minister

State budget suffers incurable disease, says finance minister

  The state budget suffers from an incurable disease, with resources only covering 60 percent of public expenditures, state-owned Nile…
Egypt starts currency auctions, says reserves critical

Egypt starts currency auctions, says reserves critical

Egypt's central bank introduced a new auction system for buying and selling US dollars to help conserve foreign reserves, which…
Market movers: 10 projections on the global economy

Market movers: 10 projections on the global economy

When trying to predict what the coming year has in store in the context of an increasingly intertwined global economy,…
Turkey immunizes loan to Egypt against judicial rulings

Turkey immunizes loan to Egypt against judicial rulings

Turkey has immunized its US$2 billion loan to Egypt against variables such as a court ruling, said a government source.…
Stock exchange buoyed by Morsy’s promise to reshuffle Cabinet

Stock exchange buoyed by Morsy’s promise to reshuffle Cabinet

Stock indexes jumped at the end of trading on Thursday, influenced by purchases made by foreign and Arab investors. The…
Turning to gas imports will weigh on Egypt’s budget

Turning to gas imports will weigh on Egypt’s budget

Egypt will start importing natural gas for the first time due to rising local demand that is now outstripping supply,…
Suez Canal Authority contemplates fee increase

Suez Canal Authority contemplates fee increase

The Suez Canal Authority is considering increasing fees next year up to five percent, an authority source said Thursday. The…
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