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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,…
FX reserves hold the line in November
Egypt’s foreign currency reserves were broadly stable in November, inching up a modest USD 1.8 mn to USD 39.2 bn,…
IMF gives initial approval to second tranche of USD 5.2 bn standby loan
Egypt is on track to receive the second tranche of its USD 5.2 bn IMF standby loan after it reached…
Egypt adds USD 800 mn to foreign reserves in October
Egypt adds USD 800 mn to foreign reserves in October: Egypt’s foreign reserves grew for the fifth consecutive month in…
What we’re tracking on 2 November 2020
Good morning, friends. It’s one of those “in between” days in which most folks’ thoughts will naturally gravitate across the…
Insurance companies face new capital requirements to protect against EAS risk
REGULATION WATCH- Insurance companies will now be required to hold 1% of assets in reserve after the Financial Regulatory Authority…
Egypt’s foreign reserves rise for fourth month running in September
Foreign reserves inched upwards for the fourth consecutive month in September, rising to USD 38.43 bn from USD 38.37 bn…
What we’re tracking on 4 October 2020
Good morning, friends, and welcome to the first full workweek of October. It’s going to be a short one, as…
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