Tag Archives: Egyptian pound

This Week in Egypt: Week 20-2023 ( May 15-21)

Posted on May 22, 2023 by nervana111

Top Headlines Egypt refutes diplomatic breakthrough with Iran Egypt’s Sisi attend Arab League summit; meet with Assad 22 new decisions to boost investment in Egypt Greek firms announce deal for developing renewable energy projects in Egypt Fitch downgrades 4 Egyptian … Continue reading →

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This Week in Egypt: Week 14- 2023 ( April 3-9)

Posted on April 10, 2023 by nervana111

Top Headlines Egyptian stock market extended losses, and non-oil activity shrinks as inflation soars Egyptian pound is among the worst performing currencies in 2023 Egypt’s dollar crunch leads to shortage of medical supplies Egypt, Sudan hold joint military drills as … Continue reading →

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This Week in Egypt: Week 10-2023 ( March 6-12)

Posted on March 12, 2023 by nervana111

Top Headlines Egypt’s annual inflation soars to 31.9 % in February Egypt’s pound has weakened more than 6% against the US dollar on the black market US Defense Secretary Lloyd Austin and Egyptian President al-Sisi reaffirmed their countries’ close military … Continue reading →

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This Week in Egypt: Week 5-2023 ( Jan 30- Feb 5)

Posted on February 6, 2023 by nervana111

Top Headlines Egyptian pound slides past EGP 30 against USD  Egypt’s central bank leaves key interest rates unchanged US Blinken says U.S. will keep pressing Egypt on human rights Egyptian FM holds talks with Lavrov in Russia, a day after … Continue reading →

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This week in Egypt: Week 2-2023 ( Jan 9-15)

Posted on January 15, 2023 by nervana111

Top Headlines Eni, Chevron announce new gas discovery in Egyptian East Med field Egyptian pound hits new low against US dollar  IMF: Egypt aims to bridge financing gap by selling state-owned assets Negev Forum convenes in UAE with Jordan absent … Continue reading →

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This Week in Egypt: Week 1-2023 ( Jan 2-8)

Posted on January 8, 2023 by nervana111

Top Headlines Egyptian pound sinks to new low in biggest fall since October devaluation Egypt’s Sisi wished Egyptians merry Christmas, attended Christmas mass  Israel ties with Egypt is strained by recent Israeli moves, hindering prisoner swap talks Egypt presented a new … Continue reading →

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This Week in Egypt: Week 48-2022 ( Dec 5-11)

Posted on December 11, 2022 by nervana111

Top Headlines Chevron has discovered a new natural gas well off the Mediterranean coast in Egypt  bp to explore potential for green hydrogen production in Egypt Egypt’s core inflation rises to 21.5% yr/yr in November Egypt’s pound keeps falling on black … Continue reading →

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This Week in Egypt: Week 42-2022 ( Oct 24- 30)

Posted on October 30, 2022 by nervana111

Top Headlines Egypt reaches $3bn IMF loan deal after agreeing to float currency Egyptian pound dives after shift to flexible currency and IMF deal British PM Rishi Sunak will not attend climate summit COP 27 in Egypt next month Egypt … Continue reading →

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This Week in Egypt: Week 41-2022 ( Oct 17-23)

Posted on October 23, 2022 by nervana111

Top Headlines US senator blocks $75m military aid to Egypt over human rights concerns Egypt’s Sisi: Maritime border deal, with Greece and Cyprus, kept Egypt from going dark Egypt’s currency seen falling faster than previous projections Russian referendums strain Egypt-Ukraine … Continue reading →

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This Week in Egypt: Week 40-2022 ( Oct 10-16)

Posted on October 16, 2022 by nervana111

Top Headlines IMF chief Georgieva says ‘big policy issues’ resolved in talks with Egypt  Fitch Solutions upgrades its projections for Egypt’s GDP growth by 0.36% in 2022, expects EGP to further weaken Egypt restricts dollar withdrawals amid liquidity crunch Inflation … Continue reading →

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