Latest in Tag: Exchange Highlight
Latest in Tag: Exchange
Egypt launches commodity exchange with offerings available from early 2021
It is hoped that the improved system will be reflected in commodity prices that will benefit the consumer and the producer, especially while reducing circulation.
Egypt-IndonesiaĀ trade exchange records $1.5bn in 5 years: Indonesian Ambassador
This high level of trade exchange means Egypt is one of Indonesiaās main commercial partners, Fawzy said. He added that Egypt acts as a pivotal gateway for Indonesian products moving into Africa.
Finance ministry considers increasing customsā dollar exchange rate, importers oppose
Inflation will rise by 1%, if customsā dollar exchange increased, says Pharos Holding official
Beltone expects dollar exchange rate to reach EGP 17.55 in FY 2017/2018
Short-term external debt levels main obstacle to improving economic indicators
What the Egyptian Exchange needs today for tomorrowās investors
Liquidity, fair disclosure, market enhancement tools for conducive environment
Food trade exchange with Egypt amounted to ā¬255m: GACIC CEO
Egyptian crops boosted German market growth 10.7% in the past two years
Dollar climbs to EGP 18 at banks on Monday
The US dollar climbed to EGP 18 on Monday at banks operating in Egypt. The average rate for the dollar at most banks on Monday registered EGP 17.55 to buy and EGP 17.95 to sell. HSBC Bank was offering to sell US dollars at EGP 18. The dollar has been gaining ground against the Egyptian …
CBE instructs exchange bureaux to buy US dollars at EGP 13, sell at EGP 14.35
Exchange bureaux companies operating in the Egyptian market began on Thursday morning to buy US dollars at EGP 13 and sell at EGP 14.35
Fully liberalised exchange unlikely: Arqaam Capital
Following Beltoneās research report, Arqaam releases its perspective on the specifics of a likely partial floatation of the Egyptian pound
Unflagging EGP decline threatens Egypt’s economic growth
US dollar is forecasted to break EGP 10 threshold
EGX seeks to improve position in World Bankās Doing Business report: Omran
Targets of stock market might be hindered due to Ā low global economic growth, EGXās chairman indicated
Israel to give Egypt 2% of QIZ earnings
The action was said to follow Tarabinās release on 10 December
US dollar registers EGP 8 at exchange companies
Pharos expects the dollar exchange rate to drop to EGP 8.5 during H1 of 2016
Oriental Weavers, Arafa Holding reduce effect of EGPās devaluation on pricing flexibility
The Egyptian currencyās devaluation is a step in the right direction, but the Egyptian industry needs more incentives
Is Egypt ready to strengthen trade exchange with Russia?
Egypt needs reforms to reassure Russian investors, success of Cairo-Moscow negotiations requires seriousness to establish new era of relations, experts say
Exchange of fire with no causalities in Fayoum
Protests erupted in the city following death sentences for Muslim Brotherhood leaders
MOPCO lists on EGX with EGP 2.3bn
MOPCO is third biggest nitrogen producer globally
Egypt, Russia to hold naval exercise: Russian state media
Report come as Defence Minister Sobki meets his counterpart in Russia to discuss military cooperation in āfighting terrorismā
Foreign currency availability in market improves: FEDCOC
El-Wakil attributes improvement to recent CBE actions
Egyptian pound inches up on official, steady on black market
Reuters – The Egyptian pound was up slightly at a central bank foreign currency sale on Thursday and traded within its recent range on the black market. The central bank sold $39.6m to banks with a cut-off price of 6.9511 pounds to the dollar, fractionally stronger than the cut-off price of 6.9512 from Wednesday’s auction. …
Iran seeks new Russia reactor in exchange for oil
Russian officials had previously neither confirmed nor denied the discussions,but they stressed that such deliveries would not break existing UN sanctions on the Islamic state.
The Stock Exchange predicts positive results in 2014
This week will have only four sessions due to the New Year holiday next Wednesday.
Egyptian Pound steady on official market
Reuters – The Egyptian pound was steady at official rates on Thursday, the central bank said, and slightly stronger in the black market, two sources said – a day after the bank’s governor said that parallel market for dollars would “not last long”. The central bank sold $38.4 million at its regular foreign exchange auction …
Egyptian Pound strengthens slightly at Dollar sale
The central bank said it sold $38.8 million to banks at its auction, at a cut-off price of 6.8774 pounds to the dollar
Engineering consulting company releases quarterly report
The consulting firm says Egyptās consumption price index increased by 4% due to increases in food prices and the devaluing of the Egyptian pound
Forex auctions carry on
Despite the optimism, the current political insecurity and the unsettled International Monetary Fund loan are seen as contributors to the weakening of the pound against the dollar.
CBE gives foreign investors access to US dollars
Move by Central Bank aims to reassure foreign investors
Exchange companies accuse CBE of raising dollar price
Head of exchange companies section at the ECC accuses the CBE of being the real reason behind the dollar shortage in the market
Banks instate currency exchange regulations
Purchases of dollars typically limited and sales generally require approval of the bankās administration
Currency exchange rates see relative stability after Eid El-Fitr break
By Waleed Abdel Azim The exchange rates of different currencies have stabilised during the Eid holiday and demand has not increased for any of the major currencies. The US dollar recorded a rate of 6.08, the Euro recorded a rate of 7.55 and the GB pound recorded a rate of 9.85 to the Egyptian pound. …