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Central bank could impose fines on importers who abandon their goods at ports
The CBE is also looking into blacklisting the importers who don’t clear their goods from ports
Goldbug nation
Plus: Rate watchers on both sides of the Atlantic are tripping over themselves trying to suss out when the cuts…
PMI records “softer but still-solid deterioration” in March
Business activity was more or less unfazed by bigger IMF package, wave of reforms in March: Egypt’s non-oil private sector…
Foreign reserves jump above USD 40 bn thanks to Ras El Hekma
Reserves rose by over USD 5 bn in March
THIS EVENING: Egypt’s PMI increased slightly to 47.6 in March
Good afternoon, ladies and gentlemen, and happy almost-Thursday. We have some updates on our PMI figures that arrived earlier during…
El Sisi gets sworn in for a third term, announces goals through 2030
El Sisi outlined the state’s commitments to strengthen the country’s foreign relations, national security, and economic growth and productivity
We could receive the second tranche of our IMF loan in June
Egypt is in line to receive the second USD 820 mn tranche under the IMF’s USD 8 bn loan program…
Net foreign liabilities narrow by USD 7.1 bn in February as Ras El Hekma funds start to reflect in banks’ sheets
It could be a matter of time before we see a larger improvement
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