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Bloomberg beats the drum (hard) on the need for devaluation
“Default jitters stalk Egypt, sending traders on a wild ride.” That’s the headline this morning atop the latest from Bloomberg,…
Reserves in emerging markets are falling at the quickest rate since 2008
More warnings of a wave of EM debt defaults: Developing and emerging nations’ foreign reserves dropped USD 379 bn in…
Egypt could opt for soft EGP devaluation to stave off inflation -Moody’s
Moody’s is the latest to speculate on the fate of the EGP: Egyptian policymakers will likely choose to maintain a…
Egypt could turn to Emirati lenders for up to USD 2.5 bn in financing
Egypt is in talks with regional and international banks to borrow USD 2.5 bn amid mounting economic headwinds, Bloombergreported, citing…
Electricity rationing went into effect yesterday across Egypt. Here’s what we know so far.
Here’s how the gov’t hopes to ration the nation’s electricity: Cabinet has approved measures announced byPrime Minister Moustafa Madbouly last…
Foreign reserves dip for third consecutive month in July
Foreign reserves fall again in July: Foreign reserves slipped to USD 33.14 bn in July, down from USD 33.4 bn…
Foreign reserves fall again in June
Foreign reserves dip in June: Foreign reserves fell to USD 33.4 bn at the end of June, from USD 35.5…
THIS MORNING: Inflation + foreign reserves figures out today; Fed could step up rate hikes to tame inflation
We’re almost there, ladies and gentlemen: One working day remains before we all depart for a well-earned week off to…
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