Egyptian pound 'cheapest in EM' after central bank hikes rates ... - Financial Times
Analysts at emerging-market specialists Renaissance Capital had practically given up hope of an interest rate rise from the Central Bank of Egypt after predicting one earlier in the year, but now they see some good opportunities after the central bank ...
Egypt may impose hefty fines on tourist harassers - Al-Monitor
“The draft law ensures that if tourists are annoyed, their harassers will get a maximum fine of 10,000 Egyptian pounds,” El-Anani was quoted as saying in local media. He said that the punishment is delineated in a new article introduced to the ...
Japanese national's house burgled, $400, ₹60000 &100 Egyptian ... - Hindustan Times
Kushuke Suzuki, general manager of a company in Manesar, found US $400, ₹60,000 and 100 Egyptian Pound stolen. He leaves for work at 6am every day and returns home by 7pm. Suzuki lives alone. He reached his apartment at 6.40 pm and found the ...
What price Ramadan? Egypt's traditional lanterns hit by inflation - Middle East Eye
In April, Egypt's inflation rose to a three-decade high after the government floated the Egyptian pound in November 2016, which plunged against the dollar. This was part of an economic reform package linked to a $12bn International Monetary Fund loan.altro »
Fava beans and falafel too expensive as inflation in Egypt hits 30 ... - euronews
We used to buy fava beans for a pound and it was enough for breakfast for my family and now breakfast costs two or three pounds.” President Abdel Fattah al-Sisi is under increasing pressure to revive the economy, keep prices under control and create ...altro »
High prices affect the holy month of Ramadan in Egypt - Daily News Egypt
Moreover, in November 2016, the government decided to float the Egyptian pound, which pushed inflation to its highest level in decades, affecting the prices of almost everything. Yet the government did not implement enough precautions to protect the ...altro »
MIDEAST STOCKS-Egypt rebounds after tumble on rates, Gulf ... - Reuters
Importers may benefit from lower input costs if the rate hike strengthens the Egyptian pound, while many exporters should remain competitive if inflation eases, said a note by Dubai's Arqaam Capital. Arabian Food Industries, which depends on imports ...
If Bond Market Could Decide, Egypt Would Be Set for Upgrade - Bloomberg
With its finances in tatters, a credit upgrade was out of the question for Egypt before it secured an IMF loan agreement. Fast-forward six months, and it's already won promotion in the bond market. Egypt's dollar bonds have sprung back this year ...
Cotton revival could keep Egypt's economy spinning - Al-Monitor
These include a historical drop in cotton area and production, the floating of the Egyptian pound by which it weakened essentially 100% vis-a-vis the US dollar, and an increased demand for Egyptian cotton in international markets,” the report stated.
How Sisi Could Wreck the Egyptian Economy - The National Interest Online
Egypt has indeed taken one painful step towards improving its economic outlook, floating its currency in November in 2016. Over the course of a few days, the Egyptian Pound (EGP) lost more than half of its value, which was obviously not a popular move ...