US dollar

Hani Genena reveals April as date of US dollar exchange rate stability
Business

Hani Genena reveals April as date of US dollar exchange rate stability

Egyptian economist Hani Genena announced that the Central Bank of Egypt’s increase interest rate by three percent in March came…
Gold price drops on Wednesday
Business

Gold price drops on Wednesday

The price of gold on Wednesday fell by LE2 per gram in conjunction with the rise in the price of…
Increase in rebar prices, factories not selling
Business

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…
What does an index for the Egyptian pound mean?
Business

What does an index for the Egyptian pound mean?

Economic and banking expert Ahmed Shawky said that issuing an index for the Egyptian pound is one of the most…
Dollar price stable at Egypt’s major banks
Egypt

Dollar price stable at Egypt’s major banks

The US dollar exchange rate was stable at the beginning of Tuesday’s transactions at Egypt’s major banks. At the National…
Egypt moves towards changing linking of pound to US dollar
Business

Egypt moves towards changing linking of pound to US dollar

The Acting Governor of the Central Bank of Egypt, Hassan Abdullah, stated that the Central Bank is on its way…
Banks in Egypt reduce cash withdrawal limits abroad
Business

Banks in Egypt reduce cash withdrawal limits abroad

A number of Egyptian banks have reduced the limits of cash withdrawals for customers outside Egypt, in a measure aimed…
Will Moscow eliminate the dominance of the dollar with the support of friendly countries?
Features/Interviews

Will Moscow eliminate the dominance of the dollar with the support of friendly countries?

With the price of the dollar rising to its highest level in 20 years and the Russian ruble achieving superiority…
Businessman Abu Hashima suggest establishing ‘gold bank’ in Egypt
Business

Businessman Abu Hashima suggest establishing ‘gold bank’ in Egypt

Advisor to the Minister of Supply for Gold Industry Affairs, Nagy Farag, praised Egyptian businessman and head of the Youth…
Explainer: Booking.com to deal in US dollars, foreign tourism to Egypt not expected to suffer
Egypt

Explainer: Booking.com to deal in US dollars, foreign tourism to Egypt not expected to suffer

  The online booking site, Booking.com, announced that it will deal in US dollars for users of the site from…
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