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CBE move to raise up reserve requirements “logical,” says HSBC Egypt CEO
The Central Bank of Egypt’s decision to increase the reserve ratio to 18% was “logical” given current global economic conditions,…
PMI is flat month on month, with private sector still in contraction territory
Activity in Egypt’s non-oil private sector contracted at the same pace in September as it did in August, according to…
THIS EVENING: PMI is still in contraction, but didn’t change from August + Global equity rally continues
Good afternoon, wonderful people. It’s a short workweek, so we’re glad it’s almost-WEDNESDAY — meaning the long weekend is just…
No schadenfreude here, but — could a US recession do EMs some good?
Struggling emerging economies should be hoping for a recession in the US if it forces the Federal Reserve to reverse…
THIS MORNING: It’s like IMF talks are buffering at 99.9% complete
Good morning folks, and welcome to hump day. The upcoming 6 October holiday technically means we’re already over the hump…
EM bond funds see massive outflows amid risk-off wave, stronger USD
Emerging-market bond funds have seen a record USD 70 bn of outflows so far this year, with investors pulling USD…
THIS EVENING: Supply Ministry announces three cooking oil complexes open for investment + Ukraine fully reclaims Lyman in major battlefield loss for Russia
Good afternoon, friends. It’s a slow start to the month and the final quarter of the year here in Omm…
EGP closes at record low against the greenback
EGP WATCH- The EGP is officially the cheapest it’s ever been (against the USD, anyway): The EGP closed at a…
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