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FX liquidity at banks is recovering from covid
The banking sector’s FX liquidity has recovered from pandemic-induced lows, thanks to the return of foreign inflows to capital markets,…
You can breathe now
Leading private-sector commercial bank CIB reported net income of EGP 2.35 bn for 3Q2020 as it released its first set…
Also on our radar on 15 December 2020
The first phase of the universal healthcare scheme, which will see the program rolled out in six governorates by 2023,…
Strength in diversity
Underpinned by a diversified economy, Egypt’s economic strength supports our B2 issuer credit rating, Moody’s said in a periodic review…
Egypt’s primary surplus at EGP 5.2 bn in 4M2020-2021: Maait
Egypt recorded a primary surplus of EGP 5.2 bn in 4M2020-2021, down from EGP 14.7 bn, Finance Minister Mohamed Maait…
Food prices drive inflation rate to five-month high
Annual headline urban inflation accelerated for the second consecutive month to 5.7% in November from 4.6% in October, according to…
Look at banks
Pharos tips banks, NBFS players, fintech and consumer stocks heading into 2020, our friend Radwa El Swaify and her team…
Around the world on 9 December 2020
The big story of the morning globally is the rollout of a covid-19 vaccine in the UK, as we note…
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