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EGP continues strengthening against USD
EGP continues to strengthen against the USD: The EGP has extended its 11-week rally against the greenback, gaining another EGP…
Strong EGP stole the show last night, gold prices down
The EGP continued strengthening on Tuesday, trading at around 17.29 to the USD — and that has absolutely captured the…
EGP hits two-year high against the USD
EGP hits two-year high against the USD: The EGP is continuing its seven-week rally against the greenback, hitting a two-year…
Expat remittances rise to USD 25.5 bn in 2018, says Central Bank of Egypt
Expat remittances up 3% to USD 25.5 bn in 2018: Remittances from Egyptians living abroad in 2018 rose 3.1% y-o-y…
Moody’s maintains positive outlook on Egypt’s banking system
Moody’s maintains positive outlook on Egypt’s banking system: Moody’s Investors Service said in a report on Monday (pdf) that it…
EGP to remain stable through 2019, says Goldman Sachs
Don’t expect the EGP to continue to strengthen this year — in fact, it could slip a little. The EGP…
Take note FX watchers: The carry trade is back in Egypt
Carry traders are back in force, buying 100% of Monday T-bonds auction: Foreign investors, who have been increasingly showing up…
Expat remittances rise 5.7% in 11M2018 to USD 23.3 bn
Remittances from Egyptians living abroad rose 5.7% in 11M2018 to USD 23.3 bn, from USD 22.1 bn during the same…
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