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Growth forecasts are (largely) holding steady
Egypt’s economy is expected to close out the state’s 2020-2021 fiscal year having grown 2.9%, according to a Reuters poll…
ENTERPRISE POLL- CBE to leave rates on hold at upcoming meeting
ENTERPRISE POLL- The CBE is expected to leave rates on hold: Rising commodity prices and higher US yields will likely…
Banks can start issuing deposit-backed electronic currencies under new CBE regs
Commercial banks are now allowed to issue e-currencies under newregulations (pdf) announced by the central bank yesterday. One unit of…
Evergrow is restructuring its debts
Egyptian fertilizer company Evergrow has signed a USD 400 mn loan agreement with a syndicate of 12 banks led by…
CBE raises withdrawal + transfer limits from mobile wallets
SMART POLICY- Mobile wallet users can now borrow, withdraw, and transfer larger sums per day under new regulations (pdf) released…
Shifting gears
Emerging market central banks waving goodbye to their easing cycles? Policymakers across 37 emerging markets delivered five net interest rate…
Gov’t targets investments worth EGP 1.25 tn in FY2021-2022
The government expects Egypt will see a total of EGP 1.25 tn in public and private sector investments in FY2021-2022,…
Egypt’s economy to grow 3.1% this fiscal year, says BNP Paribas
Egypt’s economy is expected to grow at a 3.1% clip in the government’s current 2020-2021 fiscal year, down from 3.8%…
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