Egypt negotiated the IMF deal following an acute currency crisis and after the war in Gaza ate into tourism and Suez Canal revenues. Canal fees, a main source of foreign currency, plunged to $931 ...

At the Central Bank of Egypt (CBE), the exchange rate closed at EGP 51.19 to 1 USD, up from EGP 50.66 on Thursday. The US dollar was similarly quoted at EGP 51.07 for buying and EGP 51.17 for ...

An anonymous senior official at CBE told Ahram Online that the decision is considered "a maneuver” to combat the informal market so that the value of the Egyptian pound will recover again ...

Four men arrived and carried away the bags, which U.S. officials later described in sealed court filings as weighing a combined 200 pounds and containing what was then a sizable share of Egypt’s ...