Euro prices soared to its highest level in more than two years against the dollar on Friday …
currency
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Industry & Trade
Egypt’s foreign direct investment raises to $8.7bn in FY2016/17
by Yomna Yasserby Yomna YasserForeign direct investment (FDI) in Egypt is estimated to have risen to about $8.7 billion during the …
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Industry & Trade
Egyptian currency float boosts foreign investment: chairman
by Yomna Yasserby Yomna YasserForeign investors have bought a net 11 billion Egyptian pounds ($615.90 million) worth of shares since the …
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forex news
Dollar catches breath after plunging on collapse of US healthcare bill
by Yomna Yasserby Yomna YasserThe dollar nursed losses on Wednesday after skidding to a 10-month low against a currency basket as …
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President Bashar al-Assad has appeared on the Syrian currency for the first time, his portrait printed on …
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Egypt News
Egypt raises monthly food subsidies to 50 pounds per person: Sisi
by Yomna Yasserby Yomna YasserEgypt is more than doubling monthly food subsidies to 50 Egyptian pounds per person from 21 pounds …
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Qatar can easily defend its economy and currency against economic blockade by other Arab states, Qatari finance …
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Industry & Trade
Egypt’s urban consumer price inflation falls by 29.7% in May
by Yomna Yasserby Yomna YasserEgypt’s annual urban consumer price inflation fell in May to 29.7 percent from 31.5 percent in April, …
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Banks
Why rate rise is no answer to 30% inflation in Egypt: Bloomberg
by Yomna Yasserby Yomna YasserEgypt’s central bank is likely to hold interest rates on Sunday, even with inflation still soaring after …
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Industry & Trade
IMF backs Egypt scheme to remove fuel subsidies in 3Yrs, ease inflation
by Yomna Yasserby Yomna YasserThe International Monetary Fund (IMF) is encouraged by Egypt’s efforts to remove fuel subsidies within three years …