Dollar Crisis
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Mena
Egypt’s Pound Plummets to 30+ EGP/USD on Flexible Exchange Rate
Egypt’s economy took a new hit on Wednesday as the Egyptian pound weakened by over 13% against the U.S. dollar.…
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News
Egypt Caps Overseas Cash Withdrawals, Spend
Egyptian banks started imposing limits on overseas’ cash withdraws and online purchases in foreign currency for debit and credit cards…
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Social Media
Dollar Crashes Against Pound Only on Social Media
Hours ahead of the Central Bank’s decision to free float the pound, Egyptian social media users engaged in a frenzied…
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Case Studies
Biscuit stock market shakes Facebook in Egypt
Skyrocketing prices are hitting Egypt everyday affecting many industries in the country due to the new VAT and dollar crisis. Coincided…
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Business
Centrepoint, Home Centre and Max shut down in Alexandria
Orient International Trading Ltd is consolidating its business operations in Egypt, and will close its Centrepoint, Home Centre and Max…
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