Tarek Fayed, Chairman of Banque du Caire, said on Sunday that the Central Bank of Egypt’s (CBE) …
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black market
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BanksEgypt NewsFeatureNews
Egypt’s c. bank’s recent decisions eliminate FX parallel market
by Nada Aliby Nada AliThe Central Bank of Egypt’s (CBE) recent decision will boost confidence in the Egyptian economy and eliminate …
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Sharp swings have been observed in Egypt’s FX black market after the news of the signing of …
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The Egyptian pound (EGP) has seen a significant rise in value on the local black market for …
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Egypt NewsFeatureMoneyNewsThe Watch
IMF new deal to put end for dollar, gold unstable rates
by Nada Aliby Nada AliThe International Monetary Fund’s (IMF) new loan agreement will put an end – in the short term …
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Sudanese pound fell to a record low on the black market on Thursday as residents concerned by …
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Banks
Egypt pays off by floating local currency in economic reform – experts
by Yomna Yasserby Yomna YasserThe relative growth of foreign investment and the sharp decline of foreign exchange black market are among …
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Industry & Trade
Business tycoon Sawiris hails Egypt currency floating move
by Yomna Yasserby Yomna YasserEgyptian business tycoon Naguib Sawiris, chairman of Orascom Telecom Media & Technology (OTMT), has hailed the central …
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Banks
Banque Du Caire mulls establishing forex firm to combat black market
by Yomna Yasserby Yomna YasserEgypt’s third biggest public lender, Banque Du Caire is studying establishing a foreign exchange firm in a …
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Financial Institutions
IMF’s $12 bln loan ‘not enough’ to save Egyptian pound: ex-finance minister
by Yomna Yasserby Yomna YasserA $12 billion IMF loan will definitely support Egypt’s foreign reserves and budget but it won’t be …
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