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USD Nears 60 EGP Mark in Egypt's Black Market

The US Dollar is set to break the EGP 60 mark in Egypt’s black market, which stood at EGP 57 per 1 USD, according to an Ahram Online at the start of the week. The official exchange rate, maintained around EGP 30.80 per 1 USD since the Central Bank of Egypt's last devaluation in January ....

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Top Retail Brands in Egypt to Shut Stores: Reports

Kuwait's Alshaya Group, one of the largest retailers in the Middle East, announced the closure of several of its retail franchises in Egypt due to economic challenges and the devaluation of the Egyptian Pound. "Due to the economic situation over the past three years and the challenges facing our business in Egypt, including the currency ....

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Rupee halts nine-day winning streak on broad dollar strength

​The Indian rupee snapped a nine-day winning streak on Tuesday, pressured by a broadly stronger dollar and a risk-off in regional markets amid high inflationary pressures continuing to cloud the interest rate outlook. ....

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