pound devaluation
Senior economist expects IMF loan to Egypt to be approved soon
Business
August 26, 2022
Senior economist expects IMF loan to Egypt to be approved soon
Economist and former Deputy Assistant Governor of the Central Bank of Egypt, Hani Geneina, expected that the International Monetary Fund…
IMF advises Egypt to remove remaining fuel subsidies
Economy
January 24, 2018
IMF advises Egypt to remove remaining fuel subsidies
In the International Monetary Fund’s (IMF) latest Regional Economic Outlook on Egypt that was released on Tuesday, the international lender…
Average yields on Egypt’s 3- and 7-year T-bonds rise at auction
Economy
January 9, 2018
Average yields on Egypt’s 3- and 7-year T-bonds rise at auction
Average yields on Egypt’s three-year and seven-year treasury bonds rose at an auction on Monday, central bank data showed. The…
Growth rate has increased due to investment surge: Planning Minister
Economy
December 3, 2017
Growth rate has increased due to investment surge: Planning Minister
Egypt’s Minister of Planning Hala Al-Saeed said Thursday that a rise in investments in the country has contributed to…
Egypt currency floatation drives up budget deficit
Business
November 9, 2016
Egypt currency floatation drives up budget deficit
The decision to float the Egyptian pound caused confusion and revealed flaws in government estimates, which led, in preliminary indicators,…
IMF keen to support Egyptian economy with loan, boosting jobs: PM
Egypt
July 28, 2016
IMF keen to support Egyptian economy with loan, boosting jobs: PM
The Egyptian Prime Minister Sherif Ismail has commented on the planned visit of an International Monetary Fund (IMF) delegation, saying…
Egypt’s central bank says not time to float pound, devaluation depends on timing
Business
July 21, 2016
Egypt’s central bank says not time to float pound, devaluation depends on timing
Egypt's central bank governor said on Wednesday that the time was not right to float the Egyptian pound, which has…
Egypt’s central bank sells US$118.7 million at Tuesday auction
Business
April 26, 2016
Egypt’s central bank sells US$118.7 million at Tuesday auction
Egypt's central bank sold US$118.7 million at its regular rate of 8.78 to the dollar at Tuesday's sale.Egypt's pound strengthened…
MIDEAST STOCKS: Egypt resumes post-devaluation uptrend, Gulf moves little
Business
March 22, 2016
MIDEAST STOCKS: Egypt resumes post-devaluation uptrend, Gulf moves little
Egypt's stock market resumed rising on Monday after soaring last week in response to a currency devaluation, while most Gulf…
Egypt’s central bank to hold FX auctions once a week – bankers
Business
March 20, 2016
Egypt’s central bank to hold FX auctions once a week – bankers
Egypt's central bank will from now on hold one foreign currency auction per week on Tuesdays, when it will sell…