Opinion | The Egyptian pound: Between stability gains and cautious outlook
The recent strengthening of the Egyptian pound (EGP) against the US dollar towards the end of last week’s trading was not merely a random fluctuation or a simple market reaction to easing geopolitical tensions and cautious optimism over a potential
Egypt’s gold prices fall EGP 100 on currency gains
Gold prices in Egypt declined during April 11-18, moving against the global rally as the Egyptian pound strengthened against the US dollar, according to iSagha’s weekly report. The price of 21-karat gold—the most widely traded locally—fell by about EGP 100,
US dollar surges EGP 0.53 at Sunday close
The official exchange rate of the US dollar at the Central Bank of Egypt (CBE) surged by EGP 0.53 on Sunday, closing at EGP 51.0564 for buying and EGP 51.1944 for selling, up from EGP 50.5296 and EGP 50.6669, respectively,
Gold prices surge 6% in one week amid increasing demand for safe havens
Global gold prices experienced a significant surge last week, marking their best weekly performance in 20 months. The rise was driven by increased demand for safe-haven assets amid the ongoing escalation between Russia and Ukraine, despite the continued strength of
Gold prices in Egypt drop 1.3% over last week – Dailynewsegypt
Gold prices in Egypt continued to fluctuate below EGP 3,400 per gram as the precious metal lost upward momentum following a global price decline. This drop was influenced by better-than-expected US employment data, while no local factors currently support a
Menthum, CI Capital Asset Management launch US Dollar fixed income fund in Egypt – Dailynewsegypt
Menthum, Egypt’s digital savings platform, has launched the “Menthum USD Fixed Income Fund,” a US dollar-denominated fixed-income mutual fund designed to provide individuals and businesses with a secure, high-yield, and liquid savings opportunity. The fund is a joint venture with