}

USD trades above EGP 53.4 at Egyptian banks on May 4th

The exchange rate between the USD and EGP hit EGP 53.48 for buying and EGP 53.58 for selling at the National Bank of Egypt (NBE) and the Commercial International Bank (CIB) on Monday, May 4th.

TLD partners with Marriott International to launch Tribute Portfolio Hotel & Residences

Real estate developer TLD has signed an agreement with Marriott International to introduce a Tribute Portfolio Hotel & Residences within its Westrict development in Sheikh Zayed, marking a new addition to West Cairo’s growing pipeline of mixed-use projects.

Do you think the EGP exchange rate will see unstable movements over the coming period?