While banks moved quickly to cut interest rates on deposits and new certificates to reduce immediate costs, their asset portfolios continued to enjoy high yields
Author Archives: enterpriseam admin
Interest payments devour gains as budget deficit widens to 3.6% of GDP
Interest payments consumed over 96% of the state’s total budget revenues during 5M FY 24-25
Garghoub is now a Special Economic Zone — here is what that means for investors
Plus: A major overhaul at GOEIC to slash customs times
SCA welcomes a new board for the new year
In a decree issued on New Year’s Day, Chairman Osama Rabie refreshed his board
Tax facilitations pull EGP 1 tn into the formal economy, says Kouchouk
Finance Minister Ahmed Kouchouk discussed debt and tax in an interview with Hadret El Mowaten's Sayed Ali last night (watch, runtime: 16:41). Tax facilities are bringing cash into the light: The ministry’s package of tax facilities is yielding early dividends in formalizing the economy, with over EGP 1 tn in previously "hidden" economic activity reported […]
GRANITE to launch a real estate investment fund
PLUS- Alamein Silicon complex secures financing and Granite says it will launch a real estate fund
Another grim year ahead for the USD?
The USD index sustained its sharpest annual drop in in eight years
2026 JANUARY 7 January (Wednesday): Coptic Christmas. 25 January (Sunday): Revolution Day / Police Day. FEBRUARY 10-12 February (Tuesday-Thursday): Gitex Global’s AI Everything Middle East & Africa Summit 12 February (Thursday): Monetary Policy Committee’s first meeting. 19 February (Thursday): First day of Ramadan (TBC). MARCH 15 March (Sunday): IMF to hold its seventh review of […]
Egypt to host a pan-African gold bank under MoU with Afreximbank
Good morning, friends, and happy new year. It’s been a long and busy 12 months, but at least we get to start the new year with a day of rest. May this issue find you bundled up with a hot drink in hand. Not sure where to go from there? We’ve got a list of […]