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Our net foreign liabilities inch up to new record high
Commercial banks drove the headline figure, with their net foreign assets dropping to a deficit of USD 16.2 bn
Gov’t introduces bookkeeping scheme to account for FX price differentials
The difference between the official and parallel market exchange rates that the rules account for stand at an annual average…
Egypt is within striking distance of IMF agreement, Fund chief says
The IMF and Egyptian authorities will continue virtual discussions on economic and financial policies
CBE hikes rates for first time since August
The CBE expects inflationary pressures to persist due to geopolitical uncertainty, maritime trade disruptions, and fiscal consolidation measures
The Central Bank of Egypt hikes interest rates by 200 bps + We’re still waiting to hear from IMF
Good morning, friends, and happy Friday. We hope you have a warm and restful weekend on these very chilly days.…
THIS EVENING: Gov’t is not selling Ras El Hekma land for USD 22 bn
Good afternoon, friends, and happy Thursday. The weekend is finally here, but we’ll keep our phones close, as we are…
Cabinet slashes government spending some more
Hassan Allam Holding’s logistic arm receives golden license
War on Gaza will cut into foreign exchange inflows, spike gov’t expenditure - IMF
Israel’s war on Gaza is “exacerbating an already challenging environment for neighboring countries and beyond,” warns the IMF
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