Answering a question about the recent Egyptian currency devaluation, the Egyptian Minister of Supplies and Internal Commerce, Hassan Khadhr, said that the devaluation is necessary and essential to ...

Egypt announced on Thursday that it is floating its currency for the first time in decades. MEE looks at what this will mean for ordinary Egyptians, and why the central bank has taken this drastic ...

C AIRO (AP) — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an ...