Saudi Riyal surged on Monday to its highest level against Egyptian pounds since the latter’s Nov. 3 …
Tag:
flotation
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Banks
Egypt’s United Bank: bad loans edge higher on currency float move
by Yomna Yasserby Yomna YasserThe state-run United Bank of Egypt’s portfolio of bad loans has surged to 3.5 billion Egyptian pounds …
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Egypt News
CAPMASS: Egypt Nov urban consumer inflation surges to 19.4% after currency float
by Yomna Yasserby Yomna YasserEgypt’s annual urban consumer price inflation soared in November to 19.4 percent from 13.6 percent in October, …
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Banks
Egypt central bank governor says intervention in currency market is ‘history’
by Yomna Yasserby Yomna YasserEgyptian Central Bank Governor Tarek Amer has said nothing would prompt him to intervene to prop up …
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Snap, the parent company of messaging app Snapchat, has filed to list on the US stock market, …
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Egypt News
Banks secure $2.2bn to meet customers’ needs since pound flotation
by Noha Gadby Noha GadThe Information and Decision Support Center (IDSC) in the Egyptian cabinet said Wednesday that the banks operating …
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After the Central Bank of Egypt (CBE) announced the pound floatation last Thursday, pharmaceutical companies have notified …
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The Central Bank of Egypt (CBE) kept the local currency’s rate stable at EGP 8.78 against the …
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