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A case for optimism on the EGP
Some USD 8 bn could be raised in the coming months via asset sales, liabilities agreements, and government initiatives
Egyptian stocks, gold hit record highs on currency fears
We love the smell of optimism in the morning. Yes, there’s a risk that we just let our inner Pollyanna…
Debt news from Tatweer Misr + Raya. Plus: Expat car-for-FX initiative registers 100k in first week, Tantawy on trial
The AAIB is extending an EGP 3.5 bn facility to Tatweer Misr
US interest hikes are wreaking havoc in emerging markets, and we’re unlikely to be immune
The sovereign debt of almost a quarter of developing countries is now trading at distressed levels, says World Bank
How will Israel’s war on Gaza impact the local tourism industry?
Officials voice their optimism on tourism despite war in Gaza
We’re on track to meet tourism targets despite Gaza war, says Issa
Less than 10% of bookings have been canceled in the four weeks since the start of the conflict
Our FX reserves inched up in October
An additional USD 132 mn was added to our FX stockpiles
PMI contracts at sharpest rate in five months
This is the 35th straight month that Egypt’s non-oil economy has been in contraction
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