CAIRO, Nov 4 (Aswat Masriya) - Our daily roundup of headlines in Egypt's main state-owned and private newspapers on Nov. 4, 2016:
Al-Akhbar:
- New fuel prices are put into effect
- No restrictions on depositing or withdrawing foreign currencies: Tarek Amer
- Foreign currency exchange rate floated
- Dollar buying price starts from EGP 13.5 and 14.30 for selling
Al-Ahram:
- Floating the Egyptian pound price and raising the deposit, loaning revenue
- Banks toll double eight fold .. $16.3 international funds: Tarek Amer
- Sisi invited to attend Arab-African summit in Guinea
- Terrorist killed in crossfire with police
Al-Shorouk:
- For the first time .. The Egyptian pound enters complete floatation phase
- We lifted our responsibility off the dollar and left it up to supply and demand .. banks toll increase eight fold after the floating: CBE governor
- United States, IMF, Federation of Egyptian Industries welcome the decision
- Floating the Egyptian pound freezes the black market
- The new prices for the fuel .. EGP 2.35 for 80 octane .. EGP 3.50 for 92 octane .. EGP 2.35 for natural gas .. EGP 1.60 for each cubic metre of gas .. EGP 15 for butane gas cylinders
- Court of Appeals postpones Mubarak trial until “finding a convenient venue”
- Armed person killed, others arrested on charges of executing terror attacks in Gesr Al-Suez
Al-Masry Al-Youm:
- And the tough decisions begin: “currency floating” and rising fuel prices
- Floating exchange rate .. 92 octane for EGP 3.50 and 80 octane for EGP 2.35
- IMF welcomes, fosters Egypt’s competitiveness
- Banks request $6 bln and the CBE: 100 mln only
- Kerry affirms Washington’s support to the decisions .. and Bloomberg: an unprecedented move
Al-Watan:
- The floating earthquake destroys the black market
- US Dollar officially for EGP 15 … Amer: we provided $1.2 bln to cover nutritious products for six months .. Aviation: We did not raise prices
- Breakthrough in Sugar: 52,000 tonnes arrive in Damietta port and carried by trains for the first time.
- Committee to review cases of detained youth: Priority for students and critical cases
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