Exchange

Egypt’s gold prices witness slight increase on Monday
Business

Egypt’s gold prices witness slight increase on Monday

Egypt’s gold prices fluctuated on Monday, ending with a slight increase in line with the global rise of gold prices.…
Egypt’s foreign currency reserves increase to US$44.218 bn: CBE
Business

Egypt’s foreign currency reserves increase to US$44.218 bn: CBE

The Central Bank of Egypt (CBE) announced that the country’s foreign currency reserves increased to US$44.218 billion at the end…
Egypt’s Finance Ministry considers issuing LE2 coin category
Business

Egypt’s Finance Ministry considers issuing LE2 coin category

  The Finance Ministry announced in a press statement on Tuesday that it is considering a new coin currency equal…
Egypt’s first bitcoin exchange to begin trading this month
Economy

Egypt’s first bitcoin exchange to begin trading this month

Egypt’s first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt said, linking the Middle East’s…
Dollar slips on doubts Fed will speed rate hikes, euro edges up
Business

Dollar slips on doubts Fed will speed rate hikes, euro edges up

The dollar was on the defensive in Asian trading on Tuesday, after Chicago Federal Reserve President Charles Evans reinforced the…
US dollar at LE16, shortage continues
Business

US dollar at LE16, shortage continues

The US dollar has reached a new level, being sold at LE16 at Egyptian banks on Sunday, as banks began…
Egypt’s dollar black market resilient despite new threat of jail terms
Business

Egypt’s dollar black market resilient despite new threat of jail terms

Desperate to elude roving financial police and fearful of new jail terms for black-market money-changing, Egypt's currency traders are driving…
Egypt to launch agricultural commodities bourse by year-end
Business

Egypt to launch agricultural commodities bourse by year-end

Egypt plans to launch an agricultural-focused commodities trading exchange, the first of its kind in the Middle East, by the…
One person cannot cause the economy to collapse: Al-Borai
Egypt

One person cannot cause the economy to collapse: Al-Borai

Human rights activist Negad al-Borai tweeted on Friday that people should not believe that one person alone could cause the…
Egypt might set LE20.000 ceiling for non-bank cash exchange
Business

Egypt might set LE20.000 ceiling for non-bank cash exchange

The government is considering a ceiling of LE20.000 for cash exchanges outside banks, purportedly to reduce economic and security risks,…
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