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The Egyptian pound is more useful than cryptocurrencies, tech CEO ... - CNBC
The co-founder of an online money transfer service claimed that cryptocurrencies aren't flexible enough to be adopted on a widespread basis. TransferWise is an Estonian developed and U.K.-based money transfer service, launched in January 2011.
Egypt raises bus prices by over 10% - Middle East Monitor
The first increase in fuel prices was made in 2016, days after the Egyptian pound was floated, while the second time took place, in late June 2017. Egypt has been looking to cut subsidies as part of an extensive economic reform under a $12 billion ...
Egypt Raises Fuel Prices By Up To 50% - OilPrice.com
The most recent gasoline price increase would help Egypt to save up to US$2.8 billion (50 billion Egyptian pounds) that it would have otherwise allocated to state subsidies for fuel under the 2018/2019 budget, according to Egypt's Petroleum Minister ...
Egypt hikes fuel prices in IMF-backed austerity drive - Reuters
Oil Minister Tarek El Molla said the price rises would help Egypt save up to 50 billion Egyptian pounds ($2.8 billion) in allocations for state subsidies in the 2018-19 state budget. The price hike, the third since Egypt floated the pound currency in ...
Forking out: Egyptians angered by new austerity after Eid feast - Reuters
“My household gas has doubled, and so has my water bill - how will my 1,000-pound ($55) wages cover it all?” The fuel price increase was the latest in a raft of austerity measures Egypt is carrying out as part of major economic reforms, the price of a ...altro »
Currency devaluation, reform open new chapters for trade: HSBC - Daily News Egypt
HSBC said that the economic reforms being implemented by the Egyptian government and the easing of the foreign exchange shortage in the wake of the devaluation of the Egyptian pound have fueled optimism among Egyptian businesses. Firms also expect ...
Egypt's inflation falls behind Nigeria's as bold reforms pay off - BusinessDay (satire) (press release) (blog)
When Cairo followed up its floatation of the Egyptian pound by raising taxes almost immediately, it sparked runaway inflation, the very problem the Nigerian monetary authorities were trying to avoid when the central bank kept the naira pegged to the ...
Political coalitions differ on latest price hikes - Daily News Egypt - Daily News Egypt
The austerity measures, which the Egyptian government has been applying since 2014, have affected the prices of essential goods, public transportation, fuel, food products, and other services. The price of a litre of gasoline 92 increased to EGP 6.75 ...
Why Egypt wants China's Sphinx replica beheaded - Al-Monitor
Egypt has taken a raft of measures over the past few years to attract tourists, including beefing up security at the country's airports and floating the Egyptian pound, a move that left tourism in Egypt more affordable. Last month, a senior government ...
Government reduces fuel subsides by 16-66%, raises gasoline 92 to ... - Daily News Egypt
The Egyptian authorities decided to go ahead with hikes to subsidised government-set fuel prices on Thursday, lifting gasoline and diesel prices by between 17-66% and raising the price of a litre of gasoline 92 to EGP 6.75, up from EGP 5. The price of ...
Sterlina Egiziana 
