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Blackouts and hot weather continue to dominate the conversation on Egypt’s talk shows
Cabinet spokesperson Nader Saad gave an interview to expand on the PM’s presser on Thursday
External debt rises to USD 165.4 bn in 3Q 2022-23
External borrowing rose almost 5% y-o-y during the quarter
Morgan Stanley cuts Egypt growth outlook
Analysts expect authorities to devalue the currency again in September or October
Privatization proceeds in the state coffers by September?
Investors are currently conducting due diligence on the assets ahead of agreeing final terms
Last Night’s Talk Shows: New USD CDs + the ongoing heatwave
NBE and Banque Misr launch new USD certificates of deposit
Current account deficit narrows in 3Q 2022-23
Current account deficit reaches USD 3.5 bn
Banque Misr + NBE are back with another round of USD certificates to draw more FX into the banking system
The state banks will begin offering two three-year certificates offering 7% and 9% annual rates from today
IMF sees lower growth, sharply higher inflation in Egypt next year
The Fund expects growth to slow to 3.7% this year
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