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THIS EVENING: Inflation hits highest levels in four years + Russia hammers Ukraine in retaliatory missile attacks
Good afternoon, friends. We have a reasonably busy Monday on our hands here in Omm El Donia, while the international…
US stock markets brace for another rough earnings season
S&P 500 companies are expected to see their weakest earnings growth in three years in 3Q 2022, with Wall Street…
THIS MORNING: It’s inflation day + EGX plans October investment roadshow in the Gulf
Good morning, wonderful people. It’s a quiet Monday morning — but expect the newsflow to pick up pace as the…
Planet Finance: Central banks are stuffing their mattresses with USDs
Central banks everywhere are stocking up on USD as they prepare to prop up their currencies: Central banks are letting…
Egypt in the News: NYT scrutinizes the new capital
Funding the new capital: The New York Times is out with a feature examining what it thinks is the USD…
Current account narrows in FY 2021-2022 despite turbulence
Egypt’s current account deficit narrowed by 10.2% to USD 16.6 bn in FY 2021-2022, buoyed by oil and non-oil exports,…
Word Bank raises its growth forecast for MENA and praises Egypt’s resolve to control inflation
The World Bank expects Egypt’s economy to grow at a 4.8% clip in FY 2022-2023, according to its October MENA…
Major local banks set withdrawal limits on using debit and credit cards abroad + CBE reportedly mulls allowing NDFs to trade
At least four major banks have in recent days imposed limits on foreign exchange use in what pundits say is…
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