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Egyptian economy grew 6.6% in FY 2021-2022, says planning minister
The Egyptian economy grew at a 6.6% clip in FY 2021-2022, up from 3.3% the previous year, according to initial…
CBE lifts restrictions on cash deposits + raises ceiling on withdrawals
You can now deposit + withdraw more cash from your bank account: The Central Bank of Egypt (CBE) has raised…
THIS MORNING: Abdalla to “go faster” on EGP adjustment + Is the IMF going easy on us?
Good morning, friends, and welcome to a very busy Sunday. It’s largely good news to start the week, with lots…
Reserves in emerging markets are falling at the quickest rate since 2008
More warnings of a wave of EM debt defaults: Developing and emerging nations’ foreign reserves dropped USD 379 bn in…
Import restrictions + privatization were the topics du jour on the airwaves
It was an econ-finance heavy night on the airwaves yesterday: Rumors that the Central Bank of Egypt could be about…
Savola to invest EGP 1 bn in Egyptian Belgian Company
Saudi food conglomerate Savola plans to invest over EGP 1 bn in the Egyptian Belgian Company to increase production, CEO…
CBE governor Hassan Abdalla appoints banking veterans Hisham Ezz Al Arab + Mohamed Naguib as advisors
Hisham Ezz Al Arab, Mohamed Naguib are advising the new CBE governor: Central Bank of Egypt (CBE) Acting Governor Hassan…
Is the central bank about to ease import restrictions?
Meetings held yesterday by Central Bank Governor Hassan Abdalla and key cabinet members have stoked expectations in some corners that…
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