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Citigroup turns bullish on Egyptian debt
The bulge bracket bank thinks our geopolitical importance and an accelerating privatization program mean it’s time to take a punt…
Private-sector minimum wage to rise 17% in 2024
Private-sector employees on the minimum wage will have seen their monthly income rise 45% in the past six months
No ceasefire in sight + S&P downgrades Egypt’s sovereign credit rating to B- from B.
Good morning, friends. We hope this Friday treats you well. Our week’s business news cycle has been bearish as the…
S&P cuts three local banks credit rating days after downgrading sovereign rating
The rating agency cut Egypt’s sovereign credit rating deeper into junk last week due to the increasing FX shortage and…
IMF chief warns of economic toll of Gaza war, humanitarian crisis deepens as fuel supplies run out
Plus: El Sisi meets Macron and Israel’s war on the UN
Last Night’s Talk Shows on the conflict in Gaza
Last night's talk shows gave considerable coverage to last night’s Security Council meeting on the ongoing conflict in Gaza
S&P cuts our credit rating on FX crunch, debt concerns
The slow pace of reforms making the FX crunch worse — and making it harder for to us to service…
Egypt, Israel relations at “boiling point” as tensions over Gaza war escalate
Western reaction to the conflict “incomprehensible,” Egypt says after delegates fail to agree on a joint statement
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