February 23, 2017 - 11:00 GMT
Egyptian billionaire Samih Sawiris says that the country's currency flotation has increased the appetite for investments in Egypt, but economic recovery will take time.
February 19, 2017 - 08:00 GMT
Oman's new customs duty on imported bank notes, which raised the value of foreign currencies against the Omani rial, has been withdrawn after four days of implementation.
January 25, 2017 - 06:25 GMT
Egypt is marketing a triple-tranche U.S. dollar-denominated benchmark bond issue with yields ranging between 6.375 and 8.875 percent.
January 18, 2017 - 09:00 GMT
Egypt's Finance Ministry fixed the customs exchange rate at 18.5 pounds per dollar until the end of February and said it will review the rate each month.
December 12, 2016 - 08:00 GMT
Since Egypt floated the pound on November 3, the currency has dropped to 18 EGP to the dollar.
November 15, 2016 - 09:00 GMT
Monday's stronger pound rate is in line with reports that importers of strategic goods are increasingly able to source their dollar needs from banks.
November 03, 2016 - 14:03 GMT
After much speculation, Egypt's Central Bank has floated the pound and hiked interest rates by 300 basis points for 'one night only' to rebalance currency markets.
November 03, 2016 - 10:00 GMT
The dollar’s rate has been significantly declining over the past two days, as the Egyptian government ramps up efforts to eradicate the black market.
October 05, 2016 - 08:17 GMT
Ending rife speculation over whether the CBE would float the exchange rate or reduce the value of the Egyptian pound against the dollar at a high rate, the CBE opted to fix the US dollar exchange rate in its regular auction.
September 08, 2016 - 05:16 GMT
As Eid Al-Adha approaches, Saudi Arabia's flourishing exchange market is witnessing a high demand on the dollar and lower demand for the euro.