Egypt Independent The US dollar exchange rate maintained an average trading price of £E18.27 for purchase and £E18.37 for sale at major Egyptian banks on Wednesday. The Egyptian pound had lost 15.9% of its value against the US dollar last week when the Central Bank of Egypt (CBE) increased interest …
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Egypt Today A memorandum of understanding (MoU) to support local businesses was signed between the Egyptian Micro, Small, and Medium size Enterprises Development Agency (MSMEDA) and Amazon Egypt on Tuesday. Under the partnership, Amazon Egypt will support MSMEDA-registered businesses, which are interested in distributing their products to millions of customers …
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Egypt Independent Gold prices in Egypt fell, due to a significant decline in gold prices globally on Monday. Prices declined despite the stability of the US dollar exchange rate against the Egyptian Pound. On Monday, 24-karat gold fell by £E31 and the 18-karat gold marked a £E23 fall in prices …
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Egypt Independent The US dollar exchange rate to the Egyptian Pound recorded a slight decline of two piasters on Sunday compared to Thursday’s rates, reflecting itself in £E18.29 for purchase and £E18.39 for sale. On Sunday, The National Bank of Egypt and Banque Misr offered the dollar at £E18.27 for …
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Egypt Independent The exchange rate of all foreign currencies against the Egyptian Pound continued to decline on Thursday, following their significant increase few days ago. The rates fell due to the Central Bank of Egypt’s decision to raise the interest rate by one per cent. However, the decline of the …
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Doaa Moneim – Ahram Online “Egypt has officially requested support from the International Monetary Fund (IMF) to implement the country’s comprehensive economic program, amid the ongoing global challenges”, the IMF announced on Wednesday. “The rapidly changing global environment and spill overs related to the war in Ukraine are posing important …
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Doaa Moneim – Ahram Online The US dollar lost 13 piasters of its value against the Egyptian Pound (EGP) on Wednesday’s trading session, following two days of chaotic increases. “The USD’s value against the EGP fell by 13 piasters for purchasing to record £E18.32, down from £E18.45. However, the USD’s …
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Egypt Independent Gold prices rose by £E75 and continued to rise with the rise of the US dollar exchange rate against the Egyptian pound, despite the drop in price globally on Tuesday. A gram of 24-karat gold prices rose from £E1,171 to £E1,246. While the 21-karat gold recorded a rise …
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Egypt Independent The US dollar exchange rate to the Egyptian pound increased by 15.9%, reaching £E18.22 on Monday. The US dollar rate opened Monday morning’s trading at £E17.5, compared to £E15.74 on Sunday’s trading. It recorded an increase of 175 piasters equal to 11.2%. Amidst Monday’s trading, the USD exchange …
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Doaa Moneim – Ahram Online “The European Bank for Reconstruction and Development (EBRD) supports Egypt’s efforts accelerating green transformation and investment ahead of it hosting the UN Climate Change Conference 2022 (COP27) in November”, said EBRD’s Vice President for Policy and Partnerships Mark Bowman. Bowman spoke to Ahram Online during …
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