currency
In debate over devaluating the pound, officials avoid sparking panic
Business
September 4, 2012
In debate over devaluating the pound, officials avoid sparking panic
In the past year, Egypt has been dealt a series of crippling economic blows, but the Egyptian pound has not…
Morsy rules out currency devaluation
Business
August 27, 2012
Morsy rules out currency devaluation
Egypt's new president said on Monday he would not impose new taxes or devalue the country's currency and that…
Feud between Brothers and military threatens fragile economy
Business
July 13, 2012
Feud between Brothers and military threatens fragile economy
Egypt's new Islamist president and his old military foes have come out swinging in a struggle for political power, but…
Morsy inherits presidency as Egyptian pound is at 7-year low
Business
June 24, 2012
Morsy inherits presidency as Egyptian pound is at 7-year low
CAIRO — Egypt's currency, the pound, weakened to its lowest against the US dollar in more than seven years on Sunday…
Paper: Egypt army sees further drop in FX reserves
Business
March 28, 2012
Paper: Egypt army sees further drop in FX reserves
CAIRO - Egypt's foreign reserves are expected to fall by more than US$5 billion to $10.4 billion by the end…
Egypt foreign reserves stand at $15.7 billion
Business
March 4, 2012
Egypt foreign reserves stand at $15.7 billion
Egypt's Central Bank says the country's net foreign reserves dropped again in February, but by less than any month since…
Optimism toward politics buoys Egyptian stocks
Business
February 8, 2012
Optimism toward politics buoys Egyptian stocks
A strong performance by Egypt's stock market in the last few days, despite a string of negative political and economic…
Foreign reserves fall, add to pressure on pound
Business
February 7, 2012
Foreign reserves fall, add to pressure on pound
The drain on Egypt's foreign reserves showed little sign of abating in January, adding to pressure on the government to…
Egypt’s foreign reserves drop to $18.12 billlion
Business
January 5, 2012
Egypt’s foreign reserves drop to $18.12 billlion
Egypt's foreign reserves dropped to US$18.12 billion at the end of December from $20.15 billion a month earlier, the Central…
Business owners feel effects of Egyptian currency’s depreciation
Business
December 27, 2011
Business owners feel effects of Egyptian currency’s depreciation
After Egyptian pound slid to its lowest value in seven years this week, Egyptian business owners are feeling its effects.…