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The Egyptian pound is sliding against foreign currencies, inching nearer to 50 per U.S. dollar after a recent hike in subway fares and fuel prices. The currency reached 49.16 to the U.S. dollar ...
While it was likely to continue appreciating in the short-term, given the skyrocketing oil prices and the weakening US economy, the advent of the global economic crisis of 2008, and resulting behavior of foreign investors exiting from the stock market in Egypt increased the dollar exchange rate against the Egyptian pound, which rose by more ...
January 3 – The Ministry of Electricity and Renewable Energy announces a 7-20% increase in the price of electricity. [ 2 ] January 15 – Clashes occur on the Egyptian-Israeli border after 20 armed men arrive at the Egyptian side, prompting the Israel Defence Forces to open fire and inflict several casualties.
A black market in Shinbashi in 1946 Illegal street traders in Barcelona in 2015. A black market, underground economy, shadow market or shadow economy is a clandestine market or series of transactions that has some aspect of illegality or is not compliant with an institutional set of rules. If the rule defines the set of goods and services whose ...
But the rise of technology has led to an evolved "black market" -- and rather than exotic animals and tangible exports, data like credit card information and even streaming accounts are up for grabs.
For Egyptians grown used to a decade of reliable power supplies and boasts of vast investments in generation, a wave of rolling blackouts came as a shock - shaking faith in President Abdel Fattah ...
The origins of Egypt's stock exchange can be traced back to 1883 with the establishment of the first futures market in Alexandria. By 1899, under the rule of Khedive Abbas II, the exchange relocated to a new premises on Muhammad Ali Square, today known as El Manshiyya. In 1902, the Brokers' Syndicate was formed, setting the initial regulations ...
The U.S. bond market will also be closed on Thursday and are scheduled to close at 2 p.m. ET on Friday, according to the Securities Industry and Financial Markets Association.