It’s a mixed bag in the international papers this morning: A “postcard” from Egypt in the Financial Times paints a picture of a serene but sluggish Luxor in the absence of tourists. Meanwhile, Bloomberg suggests that the visit of the Djiboutian president to Cairo last week comes as part of Egypt’s strategy to win over eastern African countries amid the GERD dispute with Ethiopia. Finally, rights groups have spoken out against president Joe Biden’s plan to grant Egypt USD 1.3 bn in foreign military financing in FY2022.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
EGX30 erases March losses with 14.2% April surge
The rally piled on roughly EGP 433 bn in market…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…