The currency dropped to 12.99 per dollar, according to the average quote of four dealers surveyed by Bloomberg in Cairo.
28.09.2016
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News by
Bloomberg Business
The Egyptian government will issue $3 billion in sovereign bonds in a further attempt to boost its declining foreign exchange reserves.
27.09.2016
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News by
African Business Review
This will lead to radical change in regulating items for funding activities in executive regulations of the Market Law as well as those of IPO.
26.09.2016
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News by
MENAFN
The bank kept overnight deposit rate, overnight lending rate and rate of CBE's main operation at 11.75 percent, 12.75 percent and 12.25 respectively.
23.09.2016
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News by
Ahram Online
Egypt is a country with great opportunities but what start-ups really need is more local investors willing to take risks, says Yaoota CEO.
21.09.2016
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News by
Daily News Egypt
2016: an opening for Egypt’s economy to recover or an entryway into a dark tunnel?
International lending is threatened with the fate of Gulf aid.
20.09.2016
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News by
Daily News Egypt
Of the $4 billion, 3 would be spent on development projects, mostly power sector. The remaining $1 billion would be used to bolster foreign reserves.
20.09.2016
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News by
The Daily Progress
IMF spokesman said that he expected the Fund's board to meet in the next few weeks to consider a $12 billion financing program for Egypt.
18.09.2016
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News by
Ahram Online
High inflation, application of VAT would raise Egyptian pound’s interest rate by 2% by the end of 2016, says analyst.
18.09.2016
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News by
Daily News Egypt
President Sisi ratified the VAT and thus is officially implemented.
10.09.2016
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News by
Ahram Online
The World Bank has provided Egypt with the first $1 billion tranche of a $3 billion loan, as part of its support for the government's economic program
09.09.2016
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News by
Ahram Online
Moody's Investors Service said Egypt's approval of the value-added tax is a credit positive despite being approved at 13% instead of 14%.
06.09.2016
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News by
Ahram Online
The successful implementation of this agreement will help Egypt transition to a more market-oriented economy with a robust private sector.
04.09.2016
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News by
Daily News Egypt
Change in national tax code will affect all portions of society, unless explicitly exempted.
01.09.2016
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News by
Daily News Egypt
SMEs have the ability to provide a large number of jobs to subdue unemployment and produce important products.
31.08.2016
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News by
Daily News Egypt
The new tax is scheduled to be implemented in September.
29.08.2016
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News by
Ahram Online
They were sold in an exceptional auction that was exclusive to state-owned banks.
25.08.2016
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News by
Ahram Online
The $1 billion (800,000 euro) deposit, which is for a six-year period, comes as part of the UAE's "unwavering position in supporting Egypt.
23.08.2016
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News by
The Daily Star
The coming period will witness offerings of parts of the capital of successful Egyptian companies and banks on the bourse.
21.08.2016
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News by
MENAFN
Over the past 11 months, the ministry of int. cooperation succeeded in managing $11.5 billion in financial inflows to support the country's economy.
18.08.2016
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News by
Ahram Online
