pound

Pound weakens to new record low
Business

Pound weakens to new record low

The Egyptian pound weakened to a  record low against the US dollar in interbank trade and slid further still on…
Pound dips as weekend violence prompts caution
Business

Pound dips as weekend violence prompts caution

The pound weakened against the dollar Sunday, as street violence and deaths added to the political crisis, extending a steady…
Central Bank: Pound fell at dollar auction
Business

Central Bank: Pound fell at dollar auction

The pound fell at a Central Bank of Egypt auction of dollars Wednesday, the seventh such sale since it introduced…
Pound weakens to near 8-year low as IMF talks resume
Business

Pound weakens to near 8-year low as IMF talks resume

The pound inched to its weakest in almost eight years on Wednesday as the government resumed negotiations for a US$4.8…
Egypt’s pound depends on political progress
Business

Egypt’s pound depends on political progress

Egypt's new government has little time to get a credible political process in place before it risks renewed and possibly…
Egypt pound closes weaker after banks reopen
Business

Egypt pound closes weaker after banks reopen

The Egyptian pound weakened on Sunday after the nation's banks reopened from a three-day closure caused by worker strikes and…
Egypt pound hits 6-yr low despite state bank support
Business

Egypt pound hits 6-yr low despite state bank support

The Egyptian pound hit a 6-year low on Monday after banks reopened their doors to international deals, with the government…
Central Bank of Egypt: Losses caused by protests not calculated
Business

Central Bank of Egypt: Losses caused by protests not calculated

The vice-president of the Central Bank of Egypt (CBE), Hisham Ramez, has said it is too early to gauge the…
Egypt pound down less than feared, central bank supports
Business

Egypt pound down less than feared, central bank supports

The central bank appeared to intervene indirectly to support the Egyptian pound on Sunday as foreign exchange trade resumed after…
Egypt stocks tumble most since 2009 after protests, pound weakens
Business

Egypt stocks tumble most since 2009 after protests, pound weakens

Egyptian stocks tumbled the most in more than a year and bonds fell after thousands took to the streets of…
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