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The EGP fell to record lows, before settling at 49.5 against the USD
Author Archives: enterpriseam admin
Posted inEconomy
Madbouly sounded the right notes as he unveiled a super-sized USD 8 bn IMF package
An additional USD 1.2 bn in climate financing could also be in the pipeline as separate talks continue
Posted inEconomy
The IMF says we promised to slow down spending on infrastructure
A new committee will be formed to ensure the private sector takes the lead on driving economic growth
Posted inEconomy
Two exchange rates is a “disease that throws things out of balance,” says CBE’s Abdalla
Abdalla says the central bank didn’t intervene in the market yesterday, signaling a hands-off approach to the exchange rate
Posted inBanking
Banks roll out high interest rate CDs, ease currency controls on credit cards
The parallel market is “on its way to disappearing completely,” Banque Misr Chairman Mohamed El Etreby said
Posted inEconomy
What to watch for next: Inflows and cooling inflation top the list
Commodity prices are expected to fall, Federation of Chambers of Commerce Secretary-General Alaa Ezz said
Posted inEconomy
“Back on the right track”: What the pundits are saying
The decisions “put us back on the right track,” but more needs to be done, pundits say