Reuters Hungry for dollars after the central bank floated the pound on Thursday, Egyptian banks are offering market rates for the greenback as they try to build their reserves before interbank trading begins in earnest next week. But some bankers … read more
“If the country’s economic conditions do not improve within three to six months at least, we will end up with a revolution of the hungry,” professor of political science Hassan Nafaa told Daily News Egypt in a phone interview. Nafaa … read more
Reuters An Egyptian judge who tried former president Mohamed Mursi in 2015 survived an assassination attempt on Friday when a parked car exploded as his vehicle drove by, the interior ministry said. The explosion targeting Judge Ahmed Aboul Fotouh, who … read more
AFP Fuel prices were to rise dramatically in Egypt on Friday after the central bank floated the currency to address a dollar crunch that has threatened to cause some imports to grind to a halt. The oil ministry announced the … read more
Aswat Masriya EgyptAir will review the prices of its tickets next week in light of a decision by the Central Bank of Egypt to float the Egyptian pound on Thursday, Chairman of EgyptAir Holding Company Safwat Musallam said. In a … read more
The Holding Company for Water and Wastewater released a statement on Tuesday, announcing that it has halted operations in 35 water stations in five governorates due to the high levels of turbidity which were caused by floods, local media reported. … read more
Former Egyptian vice-president Mohamed ElBaradei released a long statement on Tuesday defending himself against what he considered a “smear campaign.” In a statement issued on his official Facebook page, ElBaradei defended himself against alleged “lies” in the Egyptian media about … read more
Al-Masry Al-Youm The Egyptian pound rose by LE2 against the US dollar on the black market on Tuesday, apparently strengthened by a decision to rationalize imports and cease trading in US dollars. The decisions were confirmed during a meeting between … read more
Egypt’s Alexandria Port Authority reopened on Wednesday two ports in the Mediterranean city following weather improvement after days of unstable conditions, state news agency MENA reported. The ports of Alexandria and Dekheila were shut down on Tuesday due to “bad … read more
Al-Masry Al-Youm Gold prices rose on Sunday, with a pound of gold valued at LE5,040, while a gram of 24-carat gold cost LE720. The average price of 21 carat gold was LE630, while 18 carat gold reached LE540 and 14-carat … read more