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Oil prices hit lowest levels since January + Markets increasingly expect another 75-bps Fed rate hike this month
Investors are increasingly pricing in another huge rate-hike in the US this month: The futures markets is currently giving a…
THIS MORNING: Customs exchange rate hiked + Egypt-ICF enters its second day
Good morning, wonderful people, and happy Thursday. We hope you’re looking forward to the first weekend of the post-Sahel season.…
Three local banks lend Tatweer Misr EGP 3.5 bn
Tatweer Misr has secured an EGP 3.5 bn financing agreement with the National Bank of Egypt, AAIB, and Banque Misr,…
It’s official: Gov’t is on board with a flexible exchange rate
“We as a government do agree that a flexible exchange rate is definitely good for the economy,” Planning Minister Hala…
THIS MORNING: John Kerry, EBRD chief in town for climate talks
Hello, wonderful people. Although we have tons of business news for you this morning, the government is still driving THE…
Egypt’s economic headaches + Warraq evictions are getting attention in the foreign press
It’s a quiet morning in the international press: Haaretz is the latest foreign outlet to examine the likelihood of Egypt…
The National Dialogue, economic crisis, and New Alamein’s exemption from power rationing got attention on the airwaves
The Sisi administration’s national dialogue dominated the conversation on the airwaves last night after the board of trustees yesterday appointed…
Private sector downturn eases in August amid softening inflation
Activity in Egypt’s non-oil private sector contracted at a slower pace in August on a relative easing of inflationary pressures,…
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