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Read Full Issue Your top 5 pieces of business and economic news in August:
- Hassan Abdalla was appointed governor of the Central Bank of Egypt, after Tarek Amer unexpectedly stepped down.
- Loan talks with the IMF have reached the “final stages,” Prime Minister Moustafa Madbouly said.
- President Abdel Fattah El Sisi appointed 13 new ministers in a cabinet shake-up, including new trade and industry, tourism and public enterprises ministers.
- Egypt is going to ration electricity in a bid to redirect more natural gas towards exports, to net additional inflows of foreign currency.
- Former EGX boss Mohamed Farid has been appointed as chairman of the Financial Regulatory Authority (FRA) for one year.
