Maersk said on Thursday that it expects 2024 earnings to be significantly lower than last year’s level …
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depreciation
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FeatureIndustry & TradeInternational NewsMoneyNewsStocksTech/AIUSA
Swiss Holcim firm to spin off N. American business
by Nada Aliby Nada AliThe Swiss cement giant Holcim announced on Sunday its intention to fully spin off its North American …
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Cairo Chamber of Commerce is expecting a decrease in Egypt’s import bill ranging between $8 billion and …
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Real Estate
Orascom Construction posts 21.7% increase in Q1 net income
by Yomna Yasserby Yomna YasserEgypt-based Orascom Construction (OC) has reported a 21.7 percent increase y-o-y in its net income during the …
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Banks
Egypt Central Bank sees pound’s real exchange rate appreciating
by Yomna Yasserby Yomna YasserEgypt’s improved competitiveness after November 3 floating of the currency is unlikely to be negatively affected by …
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China accelerated the depreciation of the yuan on Thursday, sending regional currencies and stock markets tumbling as …
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Egypt’s central bank held the Egyptian pound steady at 7.73 per dollar for the third straight foreign …
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The Egyptian pound is expected to further weaken against the US dollar, to reach EGP 8 by …
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The Egyptian pound will not collapse and its incremental depreciation has stabilized, a senior aide to Islamist …