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It’s morning again in Egypt: Sentiment can turn on a dime, and that’s what happened yesterday
Central Bank Governor Hassan Abdalla spoke for us all when he said yesterday that having two exchange rates is a…
THIS EVENING: CBE floats the EGP, goes for 600 bps rate hike
Bankers, diplomats say the float is real. CBE directs banks to start easing credit card and other foreign-exchange restrictions
Net foreign liabilities hit record high in January for second consecutive month
Net foreign asset deficit at commercial banks widened to USD 17.6 bn from USD 16.2 bn
Non-oil private sector activity falls to 11-month low on the back of Red Sea disruptions, high inflation
Non-oil private sector activity has been in contraction for more than three years
Mahmoud Mohieldin shares regional and global outlook at EFG Hermes’ One-on-One conference
Mohieldin sees the “center of economic gravity” shifting towards the East, though challenges for emerging markets persist
An IMF agreement is key — it’s not just about the money, says HSBC’s Simon Williams
Without a currency that flexes, investors who do come in will be staying close to the door
THIS EVENING: Vodafone technical glitch resolved. PLUS: Red Sea shipping disruption behind our sharp fall in business activity in February
Good afternoon, ladies and gentlemen and happy hump day. We are rolling through what remains of the last full week…
Results of EFG Hermes Research’s annual One-on-One live poll are out
Most respondents are bullish about investments this year
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