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Demand keeps growing despite unjustified price hikes, says head of Building Materials Division
Green Valley Company for import and export aims to increase its exports of agricultural crops to 8,000 tonnes this year, compared with 4,000 tonnes in 2016, to compensate for the increase in the cost of production and to take advantage of the liberalisation of the exchange rate. Ahmed Yousry, the company’s chairperson, said Green Valley …
The amount of dollars Banque du Caire received in one day is equivalent to a full month’s worth of dealings previously, says chairperson
High expectations that foreign currency deposits will decrease while Egyptian pound deposits will increase by end of the month
86 Chinese companies have invested more than $1.1bn in the Suez Canal area, says CCTV
Final decisive selection of the list will come today
Egypt Duty Free’s activity is influenced greatly by the movement of foreign currencies against the Egyptian pound, especially the US dollar and the euro as importing goods—such as electrical appliances, alcoholic beverages, and perfumes—is done in these currencies.
Like much else in Libya, the financial system has broken down. Corruption is endemic throughout the economy, while smuggling hard currency and diesel have become lucrative businesses. Nancy Porsia reports from Tripoli.
The bills’ interest rate saw a 40 points increase compared to CBE’s last auction in December
A prominent banker told Daily News Egypt that banks operating in the Egyptian market have not yet received any official or written instructions to convert the debts of their importing clients from dollars to Egyptian pounds.
Tarek Amer holds frequent meetings with public bank heads to discuss developments in the foreign exchange market and to solve the problems they face
International reserves record lowest level in 1.5 years
Stability of US dollar rate against Egyptian pound stands between EGP 7.78 and EGP 7.83 in banks and at EGP 7.88 at exchanges
Arsenal investments in its players is considered the major means by which the club achieves profits, keeping it from falling into debts, unlike many other English League clubs.
Amendments include investor equality, facilitation of market entry and exit in dollars, and expedited bankruptcy procedures
Government officials announced that Egypt’s current overall wheat inventories will cover the remainder of 2013. The country, however, still struggles to secure enough foreign currency to continue importing wheat
Banks had offered liquidity in dollars to the Ministry of Finance