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Presidential election gets attention in the foreign press
Politics is on the agenda in the foreign press this morning: The new raft of financial supp ort measures announced…
CBE to leave interest rates unchanged in September -poll
All seven analysts surveyed by Enterprise see the CBE holding rates on Thursday
The expat car import scheme is making a comeback
Egyptian expats get another three months to import cars in exchange for FX deposits
El Sisi announces new wage hikes, financial support as cost of living spirals
The measures include a new hike in the public-sector minimum wage and higher pension payouts
The government is extending its land-for-FX scheme for another 6 months. PLUS: Avanz Capital is planning fresh investment in Egypt
The initiative is one of many the government has introduced in response to the FX crunch
Fitch expects net foreign liabilities in Egyptian banks to rise amid FX crunch
Net foreign liabilities in the banking sector hit a record high in June
Cigarette price spike, politics + the niqab ban get coverage in the foreign press
No single story is dominating the international headlines on Egypt this morning, with Bloomberg looking at cigarette prices, the National…
Fully flexible exchange rate needed to counter pressure on EGP -IIF
The institute says devaluation works in the short term but isn’t sustainable
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