The US dollar price jumped against the Egyptian pound to register its highest level ever at the Central Bank of Egypt (CBE) and banks operating in the domestic market on Wednesday.
The official price of the US dollar against the Egyptian pound, (...)
Vice chairperson of the National Bank of Egypt (NBE) Yehia Aboul Fotouh said that the bank will raise the limit previously imposed on its cards for usage abroad on Sunday.
He added that the bank also approved selling $300 to travellers who are not (...)
President Abdel Fattah Al-Sisi said in a meeting with Prime Minister Sherif Ismail and members of the Economic Ministerial Committee on Wednesday, that acquiring loans from the International Monetary Fund (IMF) aims to improve and strengthen (...)
The Administrative Court's decision on Sunday to suspend the Central Bank of Egypt's (CBE) decision, that would have limited the tenure of bank heads to nine years, is a step towards revoking it, said Atef El-Sherif, founder of El-Sherif Law Firm (...)