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Egypt wants convertible and bankable EGP abroad in five years — here is what has to change
A convertible currency is widely acceptable, predictable, and reliable against headwinds. To get there, Egypt needs to grow its exports,…
Egypt’s PMI holds at 47.2 in October, but output and new orders fall at their fastest pace in four months
Good morning, lovely people, and happy almost-weekend. In today’s issue, we have a fee coming off phones built in the…
CBE lets banks hire outside agents to sign up customers beyond their branch networks
PLUS: MTS is in talks to build a USD 100 mn data-center hardware plant in Egypt for China’s Inspur
Egypt’s PMI holds steady in October
Here are the stories driving the day, both at home and abroad. Egypt’s non-oil Purchasing Managers’ Index (PMI) held steady…
Petrojet will build the USD 170 mn pipeline carrying Cypriot gas to Damietta for export
Good morning, lovely people. The biggest IPO the EGX has seen in at least a decade is now trading, and…
FinMin borrowed around EGP 4.3 tn at home in four months, almost all of it refinancing
The ministry borrowed about EGP 4.3 tn locally in four months, almost all of it refinancing, as a 100 bps…
CBE hikes for the first time since March 2024, raising rates 100 bps and moving its inflation target to 4Q 2027
The CBE raised policy rates by 100 bps and called it preemptive, ending an easing cycle that had cut 825…
CBE raises key rates by 100 bps
The headlines at home this week were a mixed bag. Locally, the week was about money: rates saw a hike…
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