Dollar and Gold Prices Decrease in Egypt as Demand Weakens

Dollar and Gold Prices Decrease in Egypt as Demand Weakens

Written by Mahmoud Askar Tuesday, February 20, 2024 11:39 AM decreased dollar price In the “black” parallel market during today’s trading, Tuesday, February 20, 2024, it reached about 62.20 pounds for buying, and 64.20 pounds for selling, in a weak demand for the dollar a few days ago compared to the previous days. As for … Read more

Egyptian Businessman Naguib Sawiris Mocks Arrest of Merchant with Foreign Currencies

Egyptian Businessman Naguib Sawiris Mocks Arrest of Merchant with Foreign Currencies

Dubai United Arab Emirates (CNN)– On Sunday, the Egyptian businessman, Naguib Sawiris, responded in a sarcastic way to a post stating that a merchant in Egypt was imprisoned, in possession of a number of dollars and 2,000 Saudi riyals, amid interaction. A piece of news published in an Egyptian newspaper said, “The Public Prosecution in … Read more

The Ultimate Guide to Unlocking the Health Benefits of Fenugreek Seeds

The Ultimate Guide to Unlocking the Health Benefits of Fenugreek Seeds

Benefits of fenugreek seeds Fenugreek, or known as “Methi” in Hindi, is one of the most common spices in Indian cuisine and around the world. Fenugreek contains antioxidants and anti-inflammatory agents, and is considered one of the best health ingredients. Fenugreek seeds, which have a pungent taste, are a repository of natural remedies and can … Read more

Egyptian Pound to Dollar Exchange Rate Holds Steady on Black Market Despite Banking Restrictions

Egyptian Pound to Dollar Exchange Rate Holds Steady on Black Market Despite Banking Restrictions

12:38 PM Thursday, January 04, 2024 Written by Manal Al-Masry: The price of the dollar against the pound on the black market for currency trading (the unofficial market) stabilized without change during the last transactions of the week today, Thursday, compared to the same transactions last Sunday, according to what one of the observers of … Read more

Bagnolet Security Issues: Municipal Response, Petition, and Police Antenna Closure

Bagnolet Security Issues: Municipal Response, Petition, and Police Antenna Closure

“Our city of nearly 40,000 inhabitants is still plagued by public order issues, the resolution of which is fully within the responsibility of the State.“, explains the petition addressed a fortnight ago by the town of Bagnolet to the Paris police prefect, Laurent Nunez. “Already in 2018“, she emphasizes, “we were more than 2,000 Bagnolet … Read more

The Egyptian Stock Exchange Achieves Record Rise in 2023

The Egyptian Stock Exchange Achieves Record Rise in 2023

Cairo, Egypt (CNN) – The Egyptian Stock Exchange achieved record levels during the last week’s sessions, as the main index rose by 7.61% to exceed the level of 23 thousand points for the first time in its history, rising by 59.35% since the beginning of the year, and the market capitalization gained 116 billion pounds. … Read more

HSBC Expects 25% Decline in Egyptian Pound Against US Dollar; Implications on Interest Rates and Economy

HSBC Expects 25% Decline in Egyptian Pound Against US Dollar; Implications on Interest Rates and Economy

Al-Marsad newspaper: British bank HSBC expects the Egyptian pound to decline by 25% against the US dollar. HSBC Bank believed that the price of the Egyptian pound would approach its price in the parallel market that prevailed for most of the last quarter of this year, i.e. approximately 38 to 39 pounds per dollar. It … Read more

The impact of interest rates and inflation on Egypt’s economy

The impact of interest rates and inflation on Egypt’s economy

Cairo, Egypt (CNN) – The Central Bank of Egypt decided, on Thursday, to maintain the deposit and lending return rates at the level of 19.25% and 20.25%, respectively, attributing the reason for this to “the consistency of the inflation data with the bank’s expectations,” while bankers believe that Increasing interest rates “is no longer the … Read more

Egyptian Government’s Social Protection Decisions and Exchange Rate Speculation

Egyptian Government’s Social Protection Decisions and Exchange Rate Speculation

Dubai, United Arab Emirates (CNN) – Economists ruled out that the Egyptian government would take a decision to move the exchange rate of the pound against the dollar, after the package of social protection decisions taken by President Abdel Fattah El-Sisi, yesterday, Saturday, stressing that the government is working to increase its dollar revenues to … Read more