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Cabinet greenlights far-reaching changes to Capital Market Act regs
REGULATION WATCH- Changes to MTO rules, how real estate funds operate and guidance on sukuk are highlights of sweeping changes…
United Bank sale on ice until covid has passed
M&A WATCH- United Bank sale on ice until we fully emerge from pandemic: The sale of state-owned United Bank to…
Egypt’s credit rating is vulnerable to water risks -Fitch
Egypt’s sovereign credit rating is “particularly” exposed to water stress and drought risks, Fitch Ratings suggests. This comes as water…
FX reserves rise slightly in August
FX reserves rise slightly in August: Foreign reserves rose in August for the third month running, coming in at USD…
Inflation to rise to 6.2% in 4Q- Amer
Amer sees slight uptick in inflation in the final quarter of the year: Egypt’s annual inflation rate is expected to…
Egyptian economy grows at 3.5% clip in FY2019-2020
Egypt’s economy grew 3.5% in FY2019-2020, falling short of the 3.8% preliminary figure announced in July, Planning Minister Hala El…
Private sector recovery stalls in August
The recovery of Egypt’s non-oil private sector stalled in August despite growth in output and demand, according to IHS Markit…
Your top 5 pieces of business and economic news in August
Your top 5 pieces of business and economic news in August: Egypt’s non-oil private sector contracted at its slowest pace…
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