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US dollar declines against Egyptian pound on Monday

The US dollar price on Monday decreased against the Egyptian pound within the National Bank of Egypt, with the greenback recording a decline of about two piasters for both buying and selling. The US dollar price recorded a decline, reaching LE50.20 for buying and LE50.30 for selling. Concurrently, a modest depreciation was observed in the …

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Federal appeals court declines to temporarily block ban on TikTok, teeing up showdown at SCOTUS over controversial law

CNN  —  A federal appeals court on Friday declined to temporarily block a ban on TikTok, teeing up a showdown at the Supreme Court over whether the law should take effect while the social media platform’s challenge to it plays out. Last week, the DC Circuit Court of Appeals unanimously upheld the law, clearing the …

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Elise Stefanik, Trump’s pick for UN ambassador, declines to stand by previous support for Ukraine joining NATO

CNN  —  New York Rep. Elise Stefanik, President-elect Donald Trump’s pick for US ambassador to the United Nations, is now refusing to stand by her previous push for Ukraine’s NATO membership — a stance she once framed as critical to regional stability. Her office also declined to say whether she still believes Russia committed genocide …

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Egypt sees significant decline in US dollar exchange rate at the black market

The US dollar exchange rate in the black market witnessed a new decline by about LE20 on Saturday, falling to LE43. It previously declined to LE63 a week ago, following the government’s announcement of attracting new investments and the completion of the Ras al-Hikma deal, which fed the budget with US$35 billion. This latest decline …

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