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PLUS- The EGP is a “truly flexible” currency
Author Archives: enterpriseam admin
Posted inBUDGET WATCH
Fuel subsidies up 232% in first quarter of FY 2024-25 despite price hikes
Fuel subsidies for 1Q of the current fiscal year reached EGP 28.5 bn
Posted inAutomotive
Central bank eases import restrictions on vehicle
This policy shift comes as the CBE seeks to lift all remaining USD restrictions
Posted inEconomy
Egypt’s foreign reserves continue their upward cruise, coming in at USD 46.9 bn in October
Reserves rose USD 205 mn from September’s USD 46.7 bn
Posted inCabinet watch
Madbouly cabinet approves redrafted Labor Act during its weekly meeting
The cabinet approved two new golden license issuances
Posted inDEBT WATCH
CI Capital’s micro-financing arm raises EGP 884 mn in second securitization issuance
The three-tranche issuance had tenors ranging from 6-18 months
Posted inKudos
Beltone recognized for its Train to Sustain initiative
The initiative is designed to train, upskill, and integrate 20 individuals with physical disabilities and down syndrome into Beltone’s workforce
Posted inMoves
Amal Ammar to lead the National Council for Women
Ammar was one of the first 30 female judges appointed to the Egyptian judiciary