The decision of Egypt’s Central bank to float pound against US dollar is a good step towards …
Tag:
Floating
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Banks
All banks can trade forex after Egypt pound ‘historic’ float: CIB chairman
by Yomna Yasserby Yomna YasserEgypt’s “historic” move to freely float the local currency will allow all 39 banks licenced in the …
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Banks
Egypt central bank to hold $4 billion auction to cover imports on pound float
by Yomna Yasserby Yomna YasserEgypt’s central bank will hold Thursday an exceptional auction for $4 billion, senior banking sources told Amwal …
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Egyptian stocks jumped after the central bank said it would allow the currency to float as part …
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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
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 …
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Gulf currencies have rallied against the Egyptian pound in massive early trade on Thursday after Egypt’s central …
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Egypt’s tender to lease a third floating and storage regasification unit (FSRU) has drawn interest from four …
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Egypt will start floating parts of some state-owned firms on the country’s stock exchange within a timeframe …
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Banks
Arab Investment Bank may become 3rd Egypt public bank to seek bourse listing
by Yomna Yasserby Yomna YasserState-run Arab Investment Bank plans to float some of its shares on Egypt stock exchange, the bank’s …