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Last Night’s Talk Shows on the conflict in Gaza and its effect on Egypt’s economy
Economist Medhat Nafei told El Hekaya that war will set us back USD 2.6-3.6 bn this year
MPs approve fresh borrowing, oil exploration
The government will borrow USD 500 mn from Deutsche Bank and Bank ABC to fund healthcare and education spending
Analysts split on Egypt interest rate path ahead of central bank meeting
Analysts pointed to rate hikes losing their ability as a policy tool to calm inflation as a reason behind their…
Golden licenses attract mns of USD in fresh investment
Samsung is investing more than expected in a new phone assembly facility and EgyptSat Auto sees its first cars hitting…
Egypt, Turkey discuss freight line, bilateral trade, and cross-border banks
Egypt wants to boost trade volumes with Turkey by 50% to USD 15 bn in the next five year
Citigroup turns bullish on Egyptian debt
The bulge bracket bank thinks our geopolitical importance and an accelerating privatization program mean it’s time to take a punt…
Private-sector minimum wage to rise 17% in 2024
Private-sector employees on the minimum wage will have seen their monthly income rise 45% in the past six months
CBE loosens credit card restrictions for users abroad
The rule change comes following significant volatility in the parallel currency market that saw the EGP fall to a record…
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