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USAID wants to help us with food inflation + Egypt condemns Israeli actions at Al Aqsa
USAID’s Samantha Power, Al Mashat discuss food security, COP27: USAID wants to help Egypt mitigate the impact of rising food…
THIS MORNING: Banks off all next week + More Egyptians are banked than ever before
Good morning, wonderful people, and welcome to the next-to-last workday of Ramadan. It’s another huge news day today, so we’re…
S&P, Fitch ratings affirm credit rating at BB, B+, say outlook stable despite Russia-Ukraine war
S&P and Fitch Ratings have both affirmed Egypt’s BB and B+ credit ratings with a stable outlook, despite surging food…
IMF upgrades Egypt’s GDP growth in 2022 despite a “significant slowdown” globally
The IMF has cut its global GDP forecast for this year and the next as surging inflation and economic fallout…
S&P 500 companies to post slower growth this earnings season + Privately traded tech firms see prices plummet
The crystal balls continue to predict a rocky earnings season ahead: The crisis in Ukraine and rising inflation is forecast…
Planet Finance: Standard Chartered is pulling back from MEA, but still wants to enter Egypt
Standard Chartered plans major exit in MEA markets — but still wants to enter Egypt: Standard Chartered is completely shutting…
We’re paying more at the pumps
The government raised fuel prices by c. 3% over the weekend amid a rise in global oil prices on the…
Rasmala sees 15% inflation, 2x rate hikes by July — and really likes our carry trade
15% inflation + two more rate hikes by July? That’s the prognosis given by Doug Bitcon, head of credit strategies…
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