Latest in Tag: dollar Highlight
Latest in Tag: dollar
Consumer group holds cement companies responsible for dollar shortage
Citizens Against Price Rises demands Egypt’s Central Bank intervene to address the issue
‘Begging tourists’: Grand Museum donations plan slammed
Deputy Head of Chamber of Hotels criticises Ministries of Antiquities and Tourism, who will ask tourists to make a $1 donation per night stayed at an Egyptian hotel to contribute funds to help build Grand Egyptian Museum
US dollar soars to 8.25 Egyptian pounds on black market
New rate only weeks after hitting high at official exchange rates
Central Bank to fight foreign currency black market
Exchange market stabilises as demand for dollar retreats
Wheat inventories sufficient for 10 months
Government officials announced that Egypt’s current overall wheat inventories will cover the remainder of 2013. The country, however, still struggles to secure enough foreign currency to continue importing wheat
CAPMAS: Trade deficit jumps 28.8% year-on-year in November
Exports fell by 1.5%, while imports jumped 14.4% during the same period
Central Bank dollar supply continues to shrink
$37.8m were sold at a forex auction which began last December at $75m
Shura Council seeks national consensus on sukuk
New draft law for sukuk aims to help the Egyptian economy recover and generate more investment
Rebel Economy Wrap
Breather rather than a new equilibrium
Price of dollar nears EGP 7 after last week’s transactions
Nears EGP 7.30 on the black market, the highest rate recorded since currency crisis began last month
Rebel Economy Wrap
Two former central bank governors on Egypt currency woes
Traders differ on impact of EGP devaluation
Exporters see an opportunity while importers see disaster in devaluation of currency
Asian markets higher despite eurozone uncertainty
Asian markets remain higher, following Germany refusal to take action towards the eurozone debt
European stocks rise, euro falls, bond yields ease
European and US stock markets mostly rose on Monday while the euro fell against the dollar