FX
The LE is currently trading at approximately LE 49.14 to the dollar locally, deepening the losses from October and reflecting broader economic challenges
Egypt’s slow but steady NIRs growth, despite paying off large sums of outstanding debt, reflects a positive trend in the economy’s recovery.
Al Baraka Bank Egypt and EG Bank announced new restrictions on foreign currency transactions on Tuesday through their respective websites, following Abu Dhabi Islamic Bank (ADIB) and CIB’s new limitations released last Thursday
The government’s 2030 strategy included driving inflation down to 9.2 percent on average between 2024 and 2028, with a further decline to 5 percent by 2030
Minister of Finance, Mohamed Maait, shared that the new value-added tax (VAT) in foreign currency does not apply to imports, mitigating some importers’ concerns over the latest amendments to the tax law
With 10-year U.S. Treasury yields up by more than 20 basis points over the past four weeks to a one-month high, demand for U.S.-denominated assets has grown.
The dollar steadied on Thursday after another politically-driven slide against the euro and yen.
European stocks broke a three-day losing streak on Tuesday, building on gains in other markets boosted by signs of a global economic recovery.
Oscar-winning filmmakers Joel and Ethan Coen are transitioning to the small screen with a new Western anthology for Netflix Inc.
The dollar held near a 13-month low against a basket of currencies on Monday.
Foreign currency exchange rates stabilized against the Egyptian pound in Monday morning’s banking transactions.
Remittances from expatriate workers abroad hiked $930 million over the six month period following the flotation.
Foreign currency exchange rates stabilized against the Egyptian pound in Thursday’s banking transactions, while the Kuwaiti dinar was up around 30 piasters.
Oil futures rose on Friday to the highest in nearly a month on growing optimism that big producing .
Renaissance Capital announced three takeaways from the second annual Egypt Investor Conference held in CapeTown last week
Remittances from expatriate workers abroad increased to $8 billion from November 2016 till March 2017, Central Bank of Egypt (CBE) announced in a Tuesday statement.
Remittances from Egyptians abroad soared by 23 percent in January year-on-year, registering $1.6 billion.
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