The average exchange rate of the U.S dollar to the Egyptian Pound rose, according to a report by the Egyptian Central Bank. One U.S. dollar could be sold at 6.0345 EGP and could buy 5.9900 EGP.
One Euro could purchase 8.0080 EGP. 8.0682 EGP could (...)
The Standard and Poor's financial institution reduced Egypt's credit rating because of the country's unclear political scene and deteriorated economic conditions.
The institution revealed it reduced Egypt's long-term foreign and local currency (...)
The National Bank of Egypt today approved a grant worth U.S. $180 million to the Egyptian General Petroleum Corporation (EGPC) to export crude oil to the refineries.
The bank agreed last May to grant EGPC U.S. $180 million to provide diesel and (...)
Egypt's external debt increased U.S. $2.57 billion (15.3 billion EGP) to a total of U.S. $34.84 (207.54 billion EGP) billion US dollars last March, according to the Egyptian Central Bank's monthly report.
The report attributed the rise to rising (...)