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Ahmed Shiha

Ahmed Shiha latest

Thousands of importers have been caught out by the float, facing ballooning dollar debts after they had opened dollar credit-lines with banks.   (AFP/Patrick Baz)
January 18th, 2017 - 09:00 GMT

Egypt to adjust customs dollar exchange rate to help struggling importers

Egypt's Finance Ministry fixed the customs exchange rate at 18.5 pounds per dollar until the end of February and said it will review the rate each month.
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Items such as household appliances, food, plastics, and clothing will be affected by the new customs tax increase. (Wikimedia Commons)
January 31st, 2016 - 01:11 GMT

Egypt's tax on imports set to rise up to 40 percent

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