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This is the second largest bank failure in US history
Author Archives: enterpriseam admin
Posted inEconomy
Inflation surges to five-and-a-half-year high in February, far above analysts’ expectations
Food prices and core inflation hit record highs during the month.
Posted inPrivatization
CBE seeks advisors for United Bank sale
Talks have been stalled with the Saudis since last month.
Posted inCommodities
Egypt wants out from UN grain treaty
Egypt has been a member of the convention for almost 30 years.
Posted inLAST NIGHT’S TALK SHOWS
Last Night’s Talk Shows: Inflation, our GTC exit, another internet scam busted
Lamees El Hadidi was the only person worth listening to on the airwaves last night, thanks to her recap of the biggest stories over the weekend. First up, inflation: Kelma Akhira was the only show to spotlight last month’s terrible inflation figures, which saw prices accelerate at their quickest rate in more than five-and-a-half years. […]
Posted inEGYPT IN THE NEWS
Slow reform progress isn’t getting the confidence of investors
This morning in the foreign press: Markets are concerned about the pace of reform here in Egypt. Concerns over our progress in selling assets, including stakes in United Bank and Vodafone Egypt, coupled with fears of devaluation have pushed Egypt’s debt back into distressed territory, Bloomberg reports. “The market feels that progress on IMF commitments […]
Posted inAlso on our Radar
EgyptAir to increase flights to China. PLUS: Green hydrogen, oil exploration and a new startup fund
EgyptAir relaunched flights to China last week.