US dollar
US dollar falls to 3-year low as world leaders visit Davos
Business
January 25, 2018
US dollar falls to 3-year low as world leaders visit Davos
The US dollar fell to a three-year low on Wednesday after Treasury Secretary Steven Mnuchin praised the devaluation of the…
Dollar wallows near three-year lows on US government shutdown
Business
January 22, 2018
Dollar wallows near three-year lows on US government shutdown
The dollar was pinned near a three-year low on Monday as a US government shutdown encouraged investors to add to…
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
Egypt
January 8, 2018
Mideast Money: Surge in foreign fund inflows sets stage for Egyptian boom
Encouraged by Egypt’s economic reforms, a major gas find, streamlined business rules and a devalued currency, investors are increasingly optimistic…
Egypt to keep customs exchange rate at 16 pounds in January
Egypt
January 2, 2018
Egypt to keep customs exchange rate at 16 pounds in January
Egypt will keep its customs exchange rate steady at 16 pounds per dollar for January, the finance ministry said on…
US dollar price stable at majority of banks in Egypt
Business
December 21, 2017
US dollar price stable at majority of banks in Egypt
US dollar exchange rates were stable throughout Thursday morning trading. In the National Bank of Egypt (NBE), the US dollar…
Egyptian expats remittances record highest level in history: CBE
Business
December 20, 2017
Egyptian expats remittances record highest level in history: CBE
From November 2016 to November 2017, the total sum of remittances sent to Egypt from expats working abroad reached $24.2 billion,…
US dollar prices witness slight changes Wednesday
Business
December 20, 2017
US dollar prices witness slight changes Wednesday
The US dollar exchange rate witnessed slight changes during morning trading on Wednesday, after witnessing a rise during last week’s…
US dollar exchange rate steadies on Tuesday
Business
December 12, 2017
US dollar exchange rate steadies on Tuesday
The exchange rate of the US dollar against the Egyptian pound steadied on Tuesday after a remarkable increase last week.…
Egypt to sell $1 bln in dollar-denominated one-year treasury bills – Cbank
Business
December 7, 2017
Egypt to sell $1 bln in dollar-denominated one-year treasury bills – Cbank
Egypt will sell $1 billion in dollar-denominated, one-year treasury bills on December 11, the central bank said on Thursday. Appetite…
Sweeping increase in US dollar value against Egyptian pound on Wednesday
Business
December 6, 2017
Sweeping increase in US dollar value against Egyptian pound on Wednesday
The US dollar saw a sweeping increase in its exchange rate against the Egyptian pound – as well as various…