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Morgan Stanley cuts Egypt growth outlook
Analysts expect authorities to devalue the currency again in September or October
Privatization proceeds in the state coffers by September?
Investors are currently conducting due diligence on the assets ahead of agreeing final terms
Fed hikes interest rates by 25 bps, signals it’s not done yet
Interest rates are now at their highest level since 2001
Karim Youssef joins Harvard advisory board + Cayesh lands USD 50k from Visa
Youssef is the founder and chairman of Youssef & Partners. Cayesh is a supply-chain finance startup.
Last Night’s Talk Shows: New USD CDs + the ongoing heatwave
NBE and Banque Misr launch new USD certificates of deposit
Current account deficit narrows in 3Q 2022-23
Current account deficit reaches USD 3.5 bn
Banque Misr + NBE are back with another round of USD certificates to draw more FX into the banking system
The state banks will begin offering two three-year certificates offering 7% and 9% annual rates from today
IMF sees lower growth, sharply higher inflation in Egypt next year
The Fund expects growth to slow to 3.7% this year
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