Oil & Currencies

Photo Credit: Arabianeye-Reuters
7 April 05:09 PM Swedish currency, market fall on truck attack
Mubasher: The local currency and stock market of Sweden fell on Friday; a truck crashed into a crowd, causing the death of three people at least. News reports said that a vehicle crashed into a department store in central Stockholm. OMXS30, the …
Fitch believes the Egyptian Pound flotation will increase FDI inflows - (Photo Credit: Arabianeye-Reuters)
4 April 10:35 PM Egyptian banks solvency threatened by EGP deprecation - Fitch
Cairo - Mubasher: Some Egyptian banks are still at risk of struggling to meet minimum regulatory capital requirements, Fitch Ratings said in a report on Tuesday. This comes as a consequence of the local currency weakness after the Egyptian pound …
The Central Bank of Egypt - (Photo Credit: Arabianeye-Reuters)
3 April 05:49 PM Egyptian foreign reserves increase to $28bn - CBE
Cairo - Mubasher: The Central Bank of Egypt (CBE) announced Monday, that the country’s net international reserves went up to $28.5 billion by the end of March 2017, according to an official statement. Last month, Egypt had received $1 billion as …
Photo Credit: Arabianeye-Reuters
27 March 06:02 PM Egyptian banks obtained $16bn since flotation
Cairo - Mubasher: The deputy governor of the Central Bank of Egypt (CBE), Gamal Negm, said that clients total US dollar sales to banks in the Egyptian market reached $16.2 billion since freeing exchange rates until now. Negm added in a conference …
The Central Bank of Egypt - (Photo Credit: Arabianeye-Reuters)
26 March 12:58 PM CBE to maintain interest rates in March - Pharos
Cairo - Mubasher: Pharos Research expects the Monetary Policy Committee of the Central Bank of Egypt (CBE) to keep interest rates unchanged in March during its upcoming meeting next Thursday. Financial conditions in March continue to depict …
Photo Credit: Mubasher
22 March 05:22 PM Al-Tayyar not harmed by EGP flotation - CEO
By: Mohammed Idris Riyadh - Decypha: The CEO of Al Tayyar Travel Group Holding, Abdullah Nasser Al Dawood, said his company has no fears of the pound flotation and its effects on the group and its investments in Egypt. The group provisions, …