Real estate stakeholders affected by Egyptian pound flotation: JLL - Daily News Egypt
The flotation of the Egyptian pound has caused challenges for real estate stakeholders throughout 2016, according to the 2016 Cairo Real Estate overview report recently released by real estate firm Jones Lang LaSalle (JLL). The report analysed the ...
Dubai lender Emirates NBD's fourth quarter profit drops on higher ... - The National
Emirates NBD profits fell sharply in the fourth quarter on higher funding costs and the impact of the devaluation of the Egyptian pound. Dubai's largest bank said on Monday its net profit fell to Dh1.85 billion for the three months to the end of ...
Egypt Pound Can Attain 'Fair Value' in 6 Months, El-Sisi Says - Bloomberg
In tandem with the free float, which has caused the pound to lose more than half its value against the dollar, the government also raised benchmark interest rates 300 basis points and sharply increased fuel prices. The November reforms allowed the ...
Egypt's pound strengthens at banks as demand from importers eases - Yahoo News
CAIRO (Reuters) - The Egyptian pound strengthened slightly at banks as demand for dollars by importers eased, bankers told Reuters on Sunday. The dollar was being bought for around 18 pounds at most banks, down from around 19 last week. Banks were ...altro »
The Egyptian pound is down – but its day will come - The National
In the past few days, I have walked around the streets of downtown Cairo inquiring into the price the Egyptian pound. One licensed money changer I went to advertised that it would buy dollars for 18.70 pounds and sell them for 18.80. But only a few ...
Will the Egyptian Pound Hold Steady in 2017? - Bloomberg
Angus Blair, Signet Institute president, discusses the prospects for the Egyptian pound and economy in 2017 with Bloomberg's Yousef Gamal El-Din on "Bloomberg Markets: Middle East." (Source: Bloomberg) ...
Uncertainty clouds future of interest rate on Egyptian pound - Daily News Egypt
A state of uncertainty controls the Egyptian banking market over the future of interest rates on the Egyptian pound after inflation had witnessed successive increases nearing 20%. There are also fears that the increase of interest rates would boost the ...altro »
CBE to meet 8 times in 2017 to determine future of Egyptian pound's ... - Daily News Egypt
The Central Bank of Egypt's (CBE's) Monetary Policy Committee will meet eight times in 2017 to determine the future of the bank's return rate, which is considered the primary, short-term indicator for the direction of the interest rate on the Egyptian ...altro »
Senior 'Economist' analyst expects Egyptian pound value to rise by ... - Egypt Independent
Simon Baptist, the Global Chief Economist at The Economist Intelligence Unit, expected the value of the Egyptian pound to increase by 14 percent against the US dollar in 2017, after a sharp decline in its value during the last two months of 2016.altro »
World Bank approves second tranche as Egyptian pound falls, US ... - Daily News Egypt
The official exchange rate at the Central Bank of Egypt (CBE) was estimated at EGP 19.1530 for buying and EGP 19.5605 for selling, up from EGP 18.8088 for buying and EGP 19.1157 for selling on Monday—an increase of EGP 0.3442 for buying and EGP ...