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Hassan Abdalla to lead the central bank for another year
Abdalla has presided over sweeping policy changes including the EGP deval
Electricity prices frozen until January 2024
Household electricity prices had been set to go up on 1 July
Start saying your goodbyes to Sahel + The world’s first ever green methanol containership is now bunkering at East Port Said
Good morning, friends, and a very happy FRIDAY to us all. We’re in the back half of the month, and…
China slowdown, US banks weigh on global stocks
China’s central bank unexpectedly cut interest rates yesterday to arrest the country’s economic slowdown
FX crunch + blackouts make the headlines internationally
Egypt’s ongoing FX and energy challenges are getting attention internationally this morning, with Reuters looking at the different ways the…
Takeout is becoming a more permanent fixture of our diets + AI detection tools aren’t the most reliable to catch cheaters
Rising inflation in the US is part of the increased reliance on cheaper takeout
CBE sells more than EUR 600 mn in T-bills in oversubscribed issuance
The central bank sold the bills at a 4% yield
Pensions-for-FX (if you’re an Egyptian expat)
Egyptians abroad can start drawing down the pension from the age of 50
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