Devaluation

Penalty of price manipulation, monopolistic practices can reach up to LE2M: Egypt's Consumer Protection Agency

Sun, 30 Oct 2022 - 11:16 GMT

Hossam El Din's statements are made amid an expected rise in prices due to the devaluation of the Egyptian pound on Thursday.

Egypt is a haven market for traders: Bloomberg

Fri, 17 Aug 2018 - 09:50 GMT

In light of volatile economies the world faces nowadays, Bloomberg reviewed Egypt's economy in a report, referring to it as the traders’ refuge from volatility.

No official medicine price hikes announced yet: FEI

Wed, 23 Aug 2017 - 11:48 GMT

The ministerial decree issued in January amending the medicine prices included a review in August, but nothing has been issued yet, Pharmaceuticals Chamber said.

Beltone Financial to launch $1B fixed income fund

Mon, 14 Aug 2017 - 10:44 GMT

Egyptian financial services group Beltone Financial will launch a $1 billion investment fund in fixed income instruments in September.

Pound devaluation in favor of Egypt’s exports: Minister

Tue, 08 Aug 2017 - 09:16 GMT

Egypt’s exports increased 9.4 percent to $14 billion in the period between November 2016 and June 2017, after the devaluation.

Qatar likely to resist currency pressure

Mon, 12 Jun 2017 - 07:00 GMT

Qatar is unlikely to devaluate its riyal on strong foreign reserves and balance sheets, London-based consultancy Capital Economics predicted Sunday.

Egyptian banks at risk after currency flotation: Fitch Ratings

Wed, 05 Apr 2017 - 07:00 GMT

Fitch Ratings warned Tuesday that some Egyptian banks are still at risk and facing difficulties to meet minimum regulatory capital requirements due to the Egyptian currency’s weakness, following its flotation in November, and high exposure to foreign-curr

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