Latest in Tag: dollar crisis Highlight
Latest in Tag: dollar crisis
Shortage in leukaemia medicine triggers cyber-campaign, authorities boost supplies
Authorities responded to the public distress and are sending Purinethol to cancer institutes
Dollar crisis, Egyptian pound’s devaluation the best thing to happen in Egypt in past 3 years: Elsewedy Electric managing director
Despite the decline in the value of the Egyptian pound against the US dollar in 2016 and the inflation rate reaching unprecedented levels, managing director of Elsewedy Electric Company, Ahmed Elsewedy, believes that this is the best thing that happened in Egypt throughout the past three years. In his interview with Daily News Egypt, Elsewedy …
Curbing the sweet tooth: price changes affecting appetite for Eid Al-Fitr favourites
This year’s festive season has proved to be the weakest in demand for Eid products, says member of Commerce Chamber’s sweets division
US dollar jumps to EGP 8.87 on official market, EGP 11 on informal market during Al-Sisi’s 2-year presidency
The official price of the US dollar increased from EGP 7.17 in June 2014 to EGP 8.87 in June 2016
Parliament summons cabinet to address dollar crisis, stalled factories, organisational structure
Ministers will request that the CBE Â allocate 25% of foreign currency reserves to factories, say sources
EBAM cuts production by 70% due to dollar crisis
EBAM to start assembling Zemex Star minibuses in May after halting car imports
The difficult question of the dollar crisis
Many have raised questions about the reason behind the dollar crisis. Fortunately, financial analyst Nady Azzam explained the details behind this issue in an article on his page, which I quote here: The state’s dollar resources at the end of 2015 amounted to $58m, divided as follows: $22bn from exports $18bn in remittances from Egyptians …
Automation of commercial registries, notary offices to be hindered by dollar crisis
Companies will face difficulties in opening letters of credit in dollars, says Sayed Ismail
Mobile phone smugglers are biggest winners of the dollar crisis
We reduced our spending investment by 90% and are studying layoffs, says CEO El-Khawaga