currency devaluation
IMF to review Egypt’s reform program twice in September
Economy
August 13, 2023
IMF to review Egypt’s reform program twice in September
A former advisor to the International Monetary Fund (IMF) Fakhry al-Fiqi said Saturday that the second review to the Egyptian…
Is Egypt devaluing its currency anytime soon?
Economy
July 4, 2023
Is Egypt devaluing its currency anytime soon?
Speculations have gone viral about the possibility of Egypt devaluing its own currency, despite Egyptian President Abdel Fattah al-Sisi asserting…
Will Egypt postpone devaluation of pound until end of June?
Business
June 4, 2023
Will Egypt postpone devaluation of pound until end of June?
Citigroup anticipates that the Central Bank of Egypt may resort to delaying the devaluation of the Egyptian pound against the…
Lebanon devaluates Lira by 90%
Economy
February 1, 2023
Lebanon devaluates Lira by 90%
Governor of the Central Bank of Lebanon (Banque du Liban) Riad Salameh said Lebanon will adopt a new official exchange…
Exchange rate flexibility is important for Egypt: IMF
Egypt
December 18, 2022
Exchange rate flexibility is important for Egypt: IMF
The International Monetary Fund said on Friday that exchange rate flexibility is important for Egypt. “In the past, a heavily…
Increase in rebar prices, factories not selling
Business
November 2, 2022
Increase in rebar prices, factories not selling
Ahmed al-Zainy, Chairman of the Building Materials Division, at the Federation of Egyptian Chambers of Commerce (FEDCOC), said that there…
US Embassy in Egypt warns its citizens against possible protests
Egypt
October 29, 2022
US Embassy in Egypt warns its citizens against possible protests
The US embassy in Egypt warned its citizens in Cairo against protests in Egypt over currency devaluation, calling on them…
Selling Assets to Foreign Sovereign Funds: a Gain or a Loss?
Business
May 5, 2022
Selling Assets to Foreign Sovereign Funds: a Gain or a Loss?
In normal circumstances, it wouldn’t have occurred to me to ask this question. I spent a good part of my…
Analysis: When Erdogan’s Turkish economic miracle began failing
Middle East
July 15, 2021
Analysis: When Erdogan’s Turkish economic miracle began failing
ISTANBUL, July 15 (Reuters) – Five years after President Tayyip Erdogan saw off a coup, his chances of extending his…
Wednesday’s US dollar to Egyptian pound exchange rates
Business
July 14, 2021
Wednesday’s US dollar to Egyptian pound exchange rates
The US dollar to Egyptian pound exchange rates remained stable on Wednesday at the Central Bank of Egypt, recording LE15.64…