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Egypt: Central Bank hikes interest rates to limit inflation
Associated Press via Yahoo News· 1 year agoThe Central Bank of Egypt raised interest rates Thursday as the country continues to battle double-digit inflation amid a sharp currency devaluation. In a statement, the bank's monetary policy ...
Tiger Global-backed Axis launches digital payments platform for Egyptian SMEs months after its...
TechCrunch· 1 year agoEgyptian fintech Axis has launched its digital payments platform to the North African market after...
Egypt floats its currency, agrees with the IMF to increase bailout loan to $8 billion
Associated Press via AOL· 3 months agoEgypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to...
Egypt’s Nexta to launch 'next-gen banking' app with fresh $3M
TechCrunch· 2 years agoNexta, an Egyptian startup that plans to launch its banking app in the coming months, has secured a...
Egypt: Devaluation, Financial Support Mitigate Near-term Risks, But Challenges Remain
FX Empire via Yahoo Finance· 3 months agoEgypt has improved its near-term finances by attracting foreign investment, devaluing the pound and...
Currency Crash: How Millennium Management Made $40 Million Betting Against the Egyptian Pound
Benzinga via Yahoo Finance· 2 months agoGeorge Soros famously earned $1 billion betting against the British pound in the early 1990s,...
Egypt Faces Uneasy Reform Mix to Address Build-up of External Vulnerabilities
FX Empire via Yahoo Finance· 1 year agoEgypt’s staggered approach to exchange-rate liberalisation is possibly a safe political option...
Egypt: Shift to Flexible Exchange Rate Is Crucial Even at Risk of Exacerbating Debt Challenges
FX Empire via Yahoo Finance· 1 year agoEgypt’s shift toward a flexible exchange rate promises multiple benefits but creates difficult...
Egypt ETF (EGPT) Hits New 52-Week High
Zacks via Yahoo Finance· 8 months agoFor investors seeking momentum, VanEck Egypt Index ETF EGPT is probably on radar. The fund just hit a 52-week high and is up 66% from its 52-week low of...
Egypt Unlocks $8 Billion IMF Loan to Ease Crisis With FX Float
Bloomberg via Yahoo News· 3 months ago(Bloomberg) -- Egypt and the International Monetary Fund agreed to more than double the country’s...
