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World Bank cuts Egypt growth outlook
The lender expects the economy to remain flat at 4.0% next year before rising to 4.7% in 24-25
Some foreign investors are starting to believe we’re serious about privatization
Egypt’s USD bonds have outperformed EMs this week as investors bet on privatization
Egypt’s non-oil private sector contracts at softest pace in 15 months in May
Business activity declined for 30th consecutive month in May
It’s PMI day
Egypt’s non-oil private sector contracted for the 29th consecutive month in April
Last Night’s Talk Shows: The truth behind prepaid cards’ suspension
Authorities decided to limit prepaid cards to local purchases in efforts to preserve FX
Cabinet greenlights residency-for-investment
The residency can be renewed for six-month or year-long periods
CBE bans some prepaid cards from making international transactions
The move affects cards that aren’t linked to bank accounts
How telecos are coping with macroeconomic headwinds
Operating costs have jumped 60-70% over the past few months
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