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What we’re tracking on 10 August 2020
Happy Monday morning, friends. The big stories in a slow “peak summer” week here in Egypt: Interest rates, foundering talks…
EBRD to provide long-term loan to Egypt for large wind plant in Gulf of Suez
The EBRD has approved a USD 50 mn long-term loan to help finance a USD 560 mn, 500 MW wind…
Egypt’s banks can now hold larger stakes in payment processing companies
REGULATION WATCH- Banks are now allowed to hold larger stakes in payment processing companies after the Central Bank of Egypt…
Amer calls for huge IMF, World Bank rescue package for Africa
Amer calls for huge IMF, World Bank rescue package for Africa: Central Bank of Egypt Governor Tarek Amer has called…
Egypt’s foreign reserves rise for the second month running in July
Foreign reserves tick up in July: Egypt added USD 150 mn to its foreign reserves in July, marking the second…
What we’re tracking on 9 August 2020
Good morning, friends, and welcome to another late-summer workweek. It’s the last full week before some of our readers send…
Optimism for a recovery following a 2020 pummeling in the Middle East
2020 sucks, but folks in the GCC are increasingly optimistic about prospects for a recovery: Although low oil prices and…
Stimulus overkill could trigger a fiscal crisis in emerging markets
The wave of covid-19 stimulus is putting emerging markets in a bind: Emerging markets may be lining themselves up for…
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