Turkish textile manufacturers are considering shifting their manufacturing investments to Egypt due to currency devaluation and promised …
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currency floating
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World Bank pledges $3b support to Egypt – minister
by Nada Aliby Nada AliThe World Bank (WB) has pledged $3 billion in support to Egypt following the country’s successful negotiation …
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Real Estate
More Saudis tend to purchase properties in Egypt after currency float
by Yomna Yasserby Yomna YasserIt has been almost a year since the Egyptian currency’s floating. As 1 SR is equal to …
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Banks
Egypt’s foreign trade reached $21 billion since currency flotation: c.bank
by Yomna Yasserby Yomna YasserEgypt’s foreign trade since early November – when the government floated the country’s pound – until the …
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Banks
Egypt’s central bank hikes key interest rates by 300 basis points, floats pound currency
by Yomna Yasserby Yomna YasserEgypt’s central bank announced Thursday it had hiked interest rates by 300 basis points in a move …