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NBE wants to borrow USD 1.5 bn from int’l lenders in 2022
The National Bank of Egypt (NBE) is in the market to borrow USD 1.5 bn from international institutions next year,…
Gov’t really wants us to cut down on imports
Import substitution is back on the Cabinet’s priority list: The government is setting up a new committee on import substitution…
THIS MORNING: Egypt hasn’t yet joined more than 100 countries signing methane reduction and deforestation pledges
It’s a brisk news day here in Omm El Donia, where the big story is that we have not signed…
More inflation ahead as wheat prices continue to rise
Wheat prices rise again in fresh tender: Egypt has seen the price of Russian wheat rise another 1.5% in just…
THIS MORNING: COP26 has started + It’s Fed day — and soon we won’t even be able to smoke in schools and hospitals.
Good morning, nice people, and welcome to a very busy news day to get us over the midweek hump. From…
Elon doesn’t think his donations can end world hunger
Is it reasonable for bn’aires to actually end world hunger? As a bn’aire of course Elon Musk would say no.…
Inflation in emerging-markets smashes expectations
Inflationary pressures are building in emerging markets: Inflation in emerging markets has surpassed expectations by the most since 2008 as…
Saudi deposits USD 3 bn at CBE to shore up Egypt’s foreign reserves
Saudi Arabia has provided Egypt with USD 3 bn to help it overcome the effects of the pandemic and shore…
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