Islamic Investment Banking & Brokerage Services

Despite Egypt Reforms, Investors Seen Wary of Returning

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Egypt is pursuing a raft of reforms to try to revive an economy weakened by years of turmoil, but analysts say that wooing foreign investors will take time. Since the 2011 uprising, the Arab world’s most populous nation has suffered a slump in key tourism revenues, slowing economic growth and investment, double-digit inflation and falling … Read more

Egypt Pound Rebounds From Flotation Slide

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The Egyptian pound strengthened against the US dollar on Monday, regaining ground after record lows which followed the central bank’s decision to float the currency in November. After plunging to 8.83 pounds against the dollar before the flotation to almost 20 in December, the pound has strengthened since last week to reach less than 16 … Read more