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US interest rates could be 100 bps higher by July
Two more 50-bps Fed rate hikes coming up? That’s what the newly-released minutes(pdf) from the Federal Reserve’s May meeting suggest.…
valU to sell EGP 700 mn of securitized bonds in 2Q 2022
valU is planning to issue EGP 700 mn in securitized bonds in a single tranche in 2Q 2022 as part…
Next year’s budget remains “tentative,” Madbouly tells MPs
Gov’t responds to MP reservations about budget allocations: MPs now reviewing the draft FY 2022-2023 state budget should view the…
THIS MORNING: Madbouly luring US investors to infrastructure + the US is plotting how to normalize ties between Israel and Saudi
The torrent of news continues on this fine (warm) Thursday morning, and we’re loving every second of it. Speaking of…
THIS EVENING: Egypt’s GDP growth slows in 3Q + Texas mass shooting prompts renewed gun law reform push
Good afternoon, wonderful people, and welcome to what we affectionately call almost-THURSDAY. The weekend is almost upon us — but…
Egypt’s food + fiscal insecurity is getting attention in the foreign press
The global economic crisis and its impact on Egypt is in focus in the foreign press this morning: Egypt’s balance…
We’re getting another USD 3 bn for wheat imports from the ITFC
We’re getting an additional USD 3 bn from ITFC to help us through the commodities crunch: The International Islamic Trade…
IMF program in 2 months?
Egypt hopes to finalize a fresh assistance program with the IMF “within two months,” Prime Minister Moustafa Madbouly told lawmakers…
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