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Talking 25% CDs
The new one-year, 25% certificate of deposit (CDs) by Banque Misr and the National Bank of Egypt dominated the talk…
Private sector contracts for 25th consecutive month
Private sector ends the year with softer contraction: Business activity in Egypt’s non-oil private sector contracted for the 25th consecutive…
CBE lets EGP slide as Big Two state-owned banks announce 25% CDs
The Central Bank of Egypt made a big move on the FX front yesterday, allowing the EGP to slide against…
THIS MORNING: Enjoy the long weekend, folks
Good morning, wonderful people. Happy Thursday — and a very Merry Christmas to everyone celebrating this weekend. THE BIG STORY…
THIS EVENING: New 25% certificates from Banque Misr, NBE + PMI contraction softened in December + Pachin gets another suitor
Good afternoon, friends, and welcome to what has shaped up to be a brisk news day, suggesting the new year…
Time for asset managers to tighten their belts + Junk is getting thrown out
Asset managers are getting stung by the market downturn: Global asset managers are preparing to make cutbacks in 2023 following…
House postpones debate on draft Labor Act while gov’t makes tweaks
LEGISLATION- The gov’t is taking another look at the draft labor bill: The Madbouly government requested the House Manpower Committee…
FinMin launches framework on sustainable sovereign bonds
The Finance Ministry has officially launched its new framework for issuing sustainable sovereign debt, according to a ministry statement (pdf).…
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