dollar

Dollar holds above 6.5-month low, as Moody’s downgrades China
Economy

Dollar holds above 6.5-month low, as Moody’s downgrades China

The dollar on Wednesday held above 6.5-month lows hit in previous days, as comments from a senior Federal Reserve official…
Foreign exchange rates stable at Egypt banks Tuesday
Economy

Foreign exchange rates stable at Egypt banks Tuesday

The Governor of the Central Bank of Egypt, Tarek Amer, said that the situation has improved greatly since the flotation…
Euro hits 6-month high, Asia shares firm after French vote relief
Business

Euro hits 6-month high, Asia shares firm after French vote relief

The euro hit a six-month high against the dollar on Monday while Asian shares gained and U.S. stock futures briefly…
Stocks, oil, gold start 2017 on firm footing, US dollar resumes climb
Business

Stocks, oil, gold start 2017 on firm footing, US dollar resumes climb

Global markets marched confidently into 2017 on Tuesday, with Asian stocks extending gains after European shares surged to their highest…
US dollar exchange rate continues to decline
Business

US dollar exchange rate continues to decline

The US dollar exchange rate continued to decline compared to the Egyptian pound in major banks since the IMF announced…
Timeline: The Egyptian pound over the last five decades
Egypt

Timeline: The Egyptian pound over the last five decades

The Egyptian pound has embarked on a downward trend linked to the country’s economic conditions, reflecting its strength against foreign…
Barclays sells Egyptian business to Morocco’s Attijariwafa Bank
Business

Barclays sells Egyptian business to Morocco’s Attijariwafa Bank

Britain's Barclays has completed the sale of its Egyptian business to Morocco's Attijariwafa Bank as part of its shift towards focusing…
Banque Misr: dollar black market rate down to LE9
Business

Banque Misr: dollar black market rate down to LE9

The rate quoted for the US dollar among black market dealers has dropped to nearly LE9, down from a recently…
Egypt’s Suez Cement says profit transfers hit by currency crisis
Business

Egypt’s Suez Cement says profit transfers hit by currency crisis

Suez Cement, which is 55 percent owned by Italian firm Italicementi, is struggling to transfer shareholder profits out of Egypt…
In Egypt, medicines disappear from shelves as dollar crisis bites
Egypt

In Egypt, medicines disappear from shelves as dollar crisis bites

Nahed Ibrahim has scoured Egypt in vain to find a regular supply of medication to help her mother to recover…
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