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Egypt’s central bank keeps interest rates on hold
With one eye on inflation, the central bank leaves interest rates on hold: The Central Bank of Egypt’s Monetary Policy…
Government expects EGP 17 bn revenues from raising electricity prices
Government expects EGP 17 bn revenues from higher electricity prices: The government is expecting to take in some EGP 17…
What we’re tracking on 23 May 2019
It’s interest rate day and the consensus among 12 economists we polled is that the central bank will leave rates…
OECD: trade disputes will keep global growth sluggish
OECD: Trade disputes to hamper global growth: Trade tensions have caused a global economic slowdown in the past year and…
Egypt’s domestic debt rises 20% in 2018
Egypt’s domestic debt rose 20.25% y-o-y to EGP 4.1 tn at the end of December 2018 compared to EGP 3.4…
Electricity prices to rise an average of 15% in FY2019-2020
Electricity prices to rise an average of 15% in FY2019-2020: Average electricity prices will rise by 15% from 1 July,…
Commercial banks could see capital requirements rise tenfold under Banking Act amendments
LEGISLATION WATCH- Capital requirements for commercial banks could rise tenfold to EGP 5 bn under proposed amendments to the Banking…
What we’re tracking on 22 May 2019
It’s a big day as we prepare to slide into the weekend, with blockbuster news for the banking industry, confirmation…
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