The exchange rate will be set by “supply and demand,” Amer said.
03.11.2016
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News by
Bloomberg Business
Egypt’s economy has been suffering from a shortage of hard currency that officials have said a $12 billion loan from the IMF would help solve.
03.11.2016
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News by
The Daily Star
Analysts raise concerns over lack of transparency regarding the economic activities of the Armed Forces.
03.11.2016
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News by
Mada Masr
The decision was a surprise to the market and everyone ... but a pleasant surprise ... The tax had a negative impact, Omran said.
03.11.2016
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News by
Reuters
As customary, the Asian embassies will sell traditional hand-made products and the food for which their countries are famous.
02.11.2016
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News by
Business Standard
Factories are halting production, shops are running low on stocks and a sense of panic is spreading.
01.11.2016
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News by
Reuters
Egypt is turning to the IMF as it seeks to restore investor confidence in an economy that’s been undermined by persistent political unrest.
30.10.2016
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News by
Gulf News
As previous devaluations show, it is necessary to have a sufficient liquidity shield to maintain control over Forex market.
25.10.2016
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News by
Investing.com
The measure comes amid attempts to address Egypt's economic crisis, including an acute dollar shortage and surging inflation.
23.10.2016
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News by
Ahram Online
The bank provides cash for foreign exchange only on condition of reviewing customers' travel documents.
20.10.2016
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News by
Daily News Egypt
IMF officials have said that they have held discussions on bilateral financing for Egypt with Saudi Arabia, China, and G7 countries.
20.10.2016
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News by
Ahram Online
These new controls are designed to prevent cards abuse, says bank chairperson.
19.10.2016
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News by
Daily News Egypt
Cairo registered a 1.5% growth rate in the number of international overnight visitors in 2015/2016, says MasterCard Global Destinations Cities index.
16.10.2016
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News by
Daily News Egypt
The deposit came despite fears that recent tensions between Cairo and Riyadh would see Saudi Arabia back away from supporting Egypt.
15.10.2016
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News by
Ahram Online
Egypt still needs $2 billion in foreign reserves to reach a position of strength with the IMF before it starts to gradually float its currency.
15.10.2016
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News by
business Insider
Chris Jarvis, the International Monetary Fund's (IMF) mission chief for Egypt talked to the daily news Egypt about the new loan.
11.10.2016
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News by
MENAFN
The draft of the futures stock exchange stipulates that the latter be in the form of a joint stock company operating under the supervision of EFSA.
10.10.2016
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News by
MENAFN
The IMF's condition was for Egypt to obtain several billion dollars of financing from other sources before a loan deal goes ahead.
09.10.2016
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News by
The Daily Star
Barclays is thus ending its 150 years of history in Egypt, where it has around 56 branches and 1,500 employees.
06.10.2016
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News by
Zacks
The project will support Qena and Sohag, two of the poorest governorates in Egypt.
03.10.2016
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News by
Ahram Online
