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Public finances are being squeezed by rising borrowing costs, which has caused the government’s interest bill to spike 120% y-o-y
Author Archives: enterpriseam admin
Posted inEconomy
Gov’t downgrades 2023-24 growth forecast
The country’s planning minister has forecast 3.5% growth this fiscal year, a 0.7 percentage-point downgrade from her previous estimate last month
Posted inUncategorized
Egypt recently issued its first panda bond. Here’s why that matters.
Despite current economic challenges, Egypt’s commitment to its 2030 Vision to shift to a more sustainable economy continues apace. One of the clearest proof points of this commitment is Egypt's successful issuance for its first three-year sustainability panda bond with a RMB 3.5 bn issuance. This is another market ‘first’ for Africa and the Middle […]
Posted inWAR WATCH
Israel intensifies offensive in south Gaza, Houthis attack US warship in Red Sea
More than 15.5k Palestinians have been killed by Israel since 7 October
Posted inMoves
Dalia El Gabry to lead Shell in Egypt. Plus news from: EasyCash, Canal Shipping
#1- Shell Egypt has a new VP: Oil and gas giant Shell Egypt has appointed Dalia El Gabry (LinkedIn) as its new vice president and country chair, it said (pdf) yesterday. During her 28-year tenure at the company, El Gabry has served as the company’s commercial general manager in Egypt and has held other senior […]
Posted inLAST NIGHT’S TALK SHOWS
Could the war on Gaza help us secure a larger IMF loan?
It was another econ-heavy night on the airwaves, as our favorite talk show host Lamees El Hadidi brought us the latest on our IMF loan agreement. The remaining talking heads were hyperfixed on the presidential elections. War on our border = more money from the IMF? Egypt is well-positioned to secure a larger loan agreement […]
Posted inUncategorized
Disruptech invests in Banknbox. Plus: Alstom, Catalyst Capital, Abu Dhabi Ports, Capricorn, ITIDA
FINTECH- #1- Disruptech invests in fintech player Banknbox: Local fintech VC firm Disruptech has inked an agreement with digital banking and Cairo-based third-party payment processing platform BanknBox, it said in a statement (pdf) Saturday. The statement said that the partnership comes as a bid to introduce new integrated payment solutions to the region, but did […]
Posted inPLANET FINANCE
To cut or not to cut: Everyone has something to say about how central bankers are tackling inflation
Policymakers believe that waiting longer than necessary could harm weakening economies