#Central Bank
Queuing for gold
Gold remains a trusted option for people looking to invest their savings despite a volatile market
Beesan Kassab
9 دقيقة قراءة
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#Central Bank
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#interest rates
Central bank hikes interest rates by 2%
The Central Bank of Egypt decided on Thursday evening to raise interest rates by two percent, in the first hike since August…
3 دقيقة قراءة
#Egyptian economy
Drop of value in household savings could reflect decreasing confidence in currency, experts say
These consumption cycles could further suppress the pound's value.
4 دقيقة قراءة
#foreign currency shortages
Amid liquidity crisis, 2 banks tighten limits on card withdrawals outside Egypt
HSBC & CIB, among others, introduced limits on foreign currency withdrawals & purchases in October.
3 دقيقة قراءة
#exchange rate
US dollar exchange rate touches LE19, expected to reach LE20 by end of year
The pound is fast approaching its lowest value on record.
4 دقيقة قراءة
#Central Bank
Egypt receives $500 million from Saudi, secures funds from Kuwait and EBRD
Saudi Arabia has transferred US$500 million to Egypt as part of a $2.5 billion grant, Minister of International Cooperation Sahar Nasr confirmed to…
2 دقيقة قراءة
#balance of payments
Balance of payments deficit widens to $3.4 billion in first half of 2015/16 financial year
Egypt’s balance of payments deficit rose to US$3.4 billion in the first half of the 2015/16 financial year, up from US$1 billion…
2 دقيقة قراءة
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