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The USD 20 bn figure includes the USD 8 bn IMF package
Author Archives: enterpriseam admin
Posted inEconomy
Moody’s upgrades Egypt’s outlook to positive
Moody’s expects the FX liquidity from the Ras El Hekma agreement to close the external funding gap until FY 2025-2026
Posted inEconomy
Investors are loving EGP t-bills
International investors bought up USD 825 mn of the bills sold
Posted inEconomy
Banks trade USD 1.9 bn in two days
The EGP lost almost 37% of its value against the greenback after the float
Posted inEconomy
Gov’t ramps up efforts to clear import backlog following currency float
USD 12 bn of goods have been released since the start of 2024
Posted inReal estate
A ton of real estate news from ACUD, Talaat Moustafa, Heliopolis Housing
ACUD has landed five new partnerships worth EGP 180-200 bn in 2024.
Posted inMoves
Raafat Hindy named as new interim NTRA head
Hindy will retain his role as deputy CIT minister alongside his new position
Posted inLAST NIGHT’S TALK SHOWS
El Sisi speaks on the EGP float, Gaza
El Sisi’s take on the float:President Abdel Fattah El Sisi’s addressed Egyptians for the first time since Wednesday — when the central bank floated the currency and hiked rates — yesterday in a speech during the Armed Forces Cultural Symposium. Why now? El Sisi refused to allow an EGP float last year due to “national […]