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The weakening EGP + A foiled statue grab
Dominating the conversation on Egypt in the foreign press this morning: Yesterday’s exchange-rate volatility, which saw the EGP fall to…
Wall-to-wall EGP + imports chat
The pundits spent most of last night discussing / bemoaning the weakening EGP, with some saying that they gave up…
Industry and agriculture to get fresh subsidized loans at a higher 11% rate
Gov’t plans EGP 150 bn subsidized loan program for industry and agriculture: The Madbouly government is set to offer EGP…
EGP breaks the 30 barrier against the USD before settling at 29.76
The EGP tumbled to a new all-time low against the greenback yesterday as authorities continued to transition to a fully…
High inflation and high rates could be here to stay, say global asset managers
Don’t underestimate inflation — or how far the Fed will go to rein it in: That’s the message to markets…
Domestic workers could go legit + Legislators want even more austerity
It was another econ-heavy day in the Senate and the House of Representatives yesterday: The Manpower Minister chimed in on…
Inflation hits new high on weaker EGP
Inflation rose to a fresh five-year high in December as the impact of successive currency devaluations continued to feed through…
IMF breaks down the details on our USD 3 bn loan
IMF releases breakdown, timing + conditions of our USD 3 bn facility: The IMFyesterday published a package of documents (pdf)…
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