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El Sisi’s EGP comments dominate the airwaves
There will be no further EGP devaluation if it harms citizens, El Sisi suggested
El Sisi says flexible exchange rate won’t come at Egyptians’ expense
“When the exchange rate is taking a toll on Egyptians, we don’t sit in place,” said El Sisi
M&A boom for big pharma
Pharma firms spent USD 85 bn on acquisitions in 5M 2023
Business leaders in National Dialogue urge faster progress on privatization + Expect the US Fed to hold rates today
And the month-old AI startup that just raised Europe’s largest-ever seed round
India has not provided us with a credit line -El Moselhy
The government is looking into trade with India in INR, El Moselhy said
FY 2023-24 budget passes the House
PLUS: Unified Budget Act exec regs to be issued “within weeks,” says Maait
MPs voice concern over public borrowing as budget debates kick off in the House
Majority parties voiced their support for the budget
Core inflation rises to 40.3% y-o-y in May + Iraq’s PM is in town
Iraq and Egypt are set to sign a raft of cooperation agreements this week
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