Mon, Mar. 14, 11:08 AM
- The central bank sold $200M at a rate of 8.85 Egyptian pounds per dollar s. 7.73 previously. This narrows the gap between the official rate and the black market rate of 9.6 to the dollar.
- The move comes alongside declines in tourism and foreign investment. In a sign of growing religious tension, the country's Justice Minister was fired after some incendiary comments.
- EGPT -5%, OTCQX:CIBEY +1.8%
Feb. 28, 2011, 2:12 PMEgypt's stock exchange is scheduled to reopen tomorrow. An initial surge in EGPT after the bourse's close discounted a massive rally in Egyptian shares, but the ETF has given back most of those gains, and regulators now worry about panic selling once trading reboots in Cairo. Today, EGPT -5.7%. | Feb. 28, 2011, 2:12 PM
Feb. 11, 2011, 7:21 AM
Feb. 7, 2011, 12:39 PM
Feb. 7, 2011, 8:31 AM
Feb. 2, 2011, 11:03 AM
CIB is the leading private sector bank in Egypt, offering a broad range of financial products and services to its customers, which include enterprises of all sizes, institutions, households and high-net-worth (HNW) individuals. In addition to traditional asset and liability products, CIB offers... More
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