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Egypt’s economy took a new hit on Wednesday as the Egyptian pound weakened by over 13% against the U.S. dollar. This marks a new low for...
Egyptian banks started imposing limits on overseas’ cash withdraws and online purchases in foreign currency for debit and credit cards to combat the country’s acute foreign...
Hours ahead of the Central Bank’s decision to free float the pound, Egyptian social media users engaged in a frenzied campaign Wednesday under the hashtag “the...
Skyrocketing prices are hitting Egypt everyday affecting many industries in the country due to the new VAT and dollar crisis. Coincided with that, many products’ prices became inconsistent and...
Orient International Trading Ltd is consolidating its business operations in Egypt, and will close its Centrepoint, Home Centre and Max outlets in Alexandria by January 2017, due...