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UPDATED- ERC kicks off its debt restructuring plan
Qalaa Holdings subsidiary Egyptian Refining Company (ERC) is in talks for a debt restructuring agreement, ERC President Mohamed Saad said on…
Egypt in the News: Reuters looks at the carry trade, World Bank highlights natural gas infrastructure
Reuters puts the carry trade in focus this morning ahead of a year in which central banks globally are seen…
SFE, Mobica break ground on new GEMS-run schools in Cosmic Village
The Sovereign Fund of Egypt (SFE) and Mobica broke ground on two schools in the Cosmic Village, the Planning Ministry…
Remittances up 1.5% in 1Q2021-2022
Remittances from Egyptians abroad were up 1.5% y-o-y to USD 8.1 bn in the first quarter of FY 2021-2022, the…
Companies buy themselves time on minimum wage hikes
Thousands of companies will be given a six-week reprieve from the new private sector minimum wage requirement coming into force…
THIS EVENING: Thousands of firms get temporary minimum wage exemption + Omicron to hit global growth + TRY rollercoaster.
Good afternoon, friends, and welcome to the calm after the storm. The snow has melted, the winds have died down,…
More financing for SMEs + green projects
AUB is getting USD 82 mn to on-lend to SMEs + green projects: Ahli United Bank Egypt (AUB) will receive…
A glimmer of hope for EMs rolling into 2022
It’s not necessarily all doom and gloom for emerging market assets next year: With global rates now expected to rise…
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