Page 22 - Patrick Werr News Today

Egypts pound currency traded at 17.42-17.52 against the U.S. dollar on Monday, Refinitiv data showed. The currency had been trading at around 15.7 pounds to the dollar a day prior. The...

Egypt is exploring new ways to lure tourists after conflict cut off Russia and Ukraine, two of its most lucrative markets, including possibly bringing

Wheat importers face a threat to delivering politically sensitive bread supplies across the Middle East and North Africa (MENA) after Russia’s invasion of Ukraine closed off access to the lower priced Black Sea grain they depend on. The ensuing conflict has halted shipping from Ukraine’s ports, while financial sanctions have put payments for purchases of ...

First Abu Dhabi Bank has made an offer to buy a controlling stake in Egypts biggest investment bank EFG Hermes that values the North African lender at 18.5 billion Egyptian pounds , the two banks... | February 9, 2022

DUBAI — First Abu Dhabi Bank has made an offer to buy a controlling stake in Egypt’s biggest investment bank EFG Hermes that values the North African lender at…

DUBAI — First Abu Dhabi Bank has made an offer to buy a controlling stake in Egypt’s biggest investment bank EFG Hermes that values the North African lender at…

CAIRO, (Reuters) – Egypt’s net foreign assets (NFAs) fell by 31.2 billion Egyptian pounds ($1.99 billion) in November, their second sharp fall in the last two months, central bank data showed on Thursday. NFAs as of the end of November fell to 82.95 bilion pounds from 114.2 billion at end-October. They were 186.3 billion as […]

CAIRO (Reuters) - Egyptian non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new busi...

CAIRO (Reuters) - Egyptian non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new busi...

Egyptian non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new business orders to fall by their fastest in a year, a survey showed on Sunday.