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Cabinet signs off on new wage, pension hikes with higher price tag than originally projected
The cost to the state budget: EGP 190 bn
In a bid to attract FDI, the gov’t is making it easier to acquire citizenship
This is a latest effort to address Egypt’s chronic FX shortage.
THIS EVENING: EGX looking at new temporary listings + Inflation surges in February + CBE hikes InstaPay transaction limits
Happy THURSDAY, friends. We’re wrapping up the first full workweek of March with a whole lot of big news stories…
Further + faster rate hikes possible, warns Fed’s Powell
From the horse’s mouth: The Federal Reserve will likely need to hike interest rates further and faster than currently expected…
CBE unveils terms of new subsidized lending program
The CBE has handed responsibility for subsidized loans to the FinMin under the IMF deal.
Smiling sphinx unearthed in Qena
A second big archaeological discovery in less than a week is topping the foreign headlines on Egypt this morning: Following…
THIS MORNING: The CBE hasn’t moved forward its March policy meeting + Armenia’s foreign minister is in town
Good morning, ladies and gents. First things first… Yesterday’s EnterpriseAM was not a drill: We mistakenly sent out yesterday’s edition…
Private sector contracts at a slower pace in February amid signs inflation could be cooling
Due to contraction to persistently high inflation as supply chain pressures
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