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S&P sees the EGP losing half its value
The rating agency thinks that “more clarity on exchange rate policy would benefit trade and economic growth
Big news from KSA
Good morning, wonderful people, and happy Sunday. We’re kicking off the week with a lot of econ news, between more…
IMF pays us a visit + state-run banks impose more credit cards restrictions
Good morning, friends. We hope you’re having a relaxing long weekend — enjoy it to the fullest: it’s the last…
IMF officials are in town for loan discussions. PLUS: Moody’s downgrades our credit outlook
Currency weakness means that even IMF support may be “insufficient” to stave off Egypt’s growing debt burden, Moody’s says
Egypt’s nail-baiting draw with Mozambique had our nation’s talking heads at the edge of their seats
Ahmed Moussa thanked a “point from the heavens” for the draw
Inflation eases for a third consecutive month to seven-month low
Inflation slowed to 33.7% in December driven by falling core inflation
Finance Ministry to announce new social security package + tax incentives for investments in 2024
The new social security measures and tax policy framework will be discussed during public consultations next month
Another sign were edging towards a larger IMF package
IMF head Kristalian Georgieva met with CBE boss Hassan Abdalla last week
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