black market

In Canada, pot legalization poses health and safety challenges
World

In Canada, pot legalization poses health and safety challenges

  Canada will end its pot prohibition Wednesday with the goals of curbing the black market and use by youth,…
Four Egyptians arrested in Kuwait for selling $7 mn on the black market
Egypt

Four Egyptians arrested in Kuwait for selling $7 mn on the black market

Kuwaiti newspaper Al-Rai reported on Friday that four Egyptians have been arrested by Kuwaiti police for possession of $7 million,…
Govt increases price of subsidized sugar to LE7
Egypt

Govt increases price of subsidized sugar to LE7

The price of subsidized sugar has been increased to LE7 per kilo, with the new price applied to subsidy cards…
Egyptian pound recovers LE2 against US dollar on black market
Business

Egyptian pound recovers LE2 against US dollar on black market

The Egyptian pound rose by LE2 against the US dollar on the black market on Tuesday, apparently strengthened by a…
Citizens mob vehicles selling subsidized foodstuffs at discounted prices
Business

Citizens mob vehicles selling subsidized foodstuffs at discounted prices

Thousands of people in the city of Matariyya, in Daqahlia governorate, crowded around vehicles selling subsidized foodstuffs and gas cylinders…
Sugar shortage continues as prices reach LE10 per kilo
Business

Sugar shortage continues as prices reach LE10 per kilo

The sugar shortage crisis continues to mount in many governorates, with the price per kilo reaching LE10.The armed forces has…
Egyptian pound devaluation, partial floatation expected this week
Business

Egyptian pound devaluation, partial floatation expected this week

The Egyptian pound could be devalued this week, ahead of a national holiday commemmorating the 6th October War, according to…
Governorates report butane shortage ahead of Eid al-Adha
Egypt

Governorates report butane shortage ahead of Eid al-Adha

The governorates of Minya and Sharqiya were hit by a shortage of butane gas cylinders on Monday, with prices doubling…
Egypt’s dollar black market resilient despite new threat of jail terms
Business

Egypt’s dollar black market resilient despite new threat of jail terms

Desperate to elude roving financial police and fearful of new jail terms for black-market money-changing, Egypt's currency traders are driving…
Analysts expect further ‘dollarization’ after sharp declines in Egyptian currency
Business

Analysts expect further ‘dollarization’ after sharp declines in Egyptian currency

Analysts and bankers expect an increase in Egyptians' demands to convert Egyptian pounds to US dollars, a phenomenon known as…
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