CAIRO: Egypt's Commercial International Bank (CIB) said on Tuesday the amount of money its clients transferred abroad because of political unrest was only 25 percent of what it had been preparing for.
Banks had been bracing for huge transfers as (...)
CAIRO: The central bank appeared to intervene indirectly to support the Egyptian pound on Sunday as foreign exchange trade resumed after a week-long suspension due to political unrest, traders and analysts said.
The pound fell as low as 5.9260 (...)
CAIRO: Egypt s Investment Ministry has drawn up a plan to sell stakes of up to 49 percent in selected state-owned firms but is in no hurry to offload the assets, the minister said on Wednesday.
Investment Minister Mahmoud Mohieldin told the (...)
