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Remittances up 1.5% in 1Q2021-2022
Remittances from Egyptians abroad were up 1.5% y-o-y to USD 8.1 bn in the first quarter of FY 2021-2022, the…
Companies buy themselves time on minimum wage hikes
Thousands of companies will be given a six-week reprieve from the new private sector minimum wage requirement coming into force…
THIS EVENING: Thousands of firms get temporary minimum wage exemption + Omicron to hit global growth + TRY rollercoaster.
Good afternoon, friends, and welcome to the calm after the storm. The snow has melted, the winds have died down,…
More financing for SMEs + green projects
AUB is getting USD 82 mn to on-lend to SMEs + green projects: Ahli United Bank Egypt (AUB) will receive…
THIS MORNING: EV incentives could be coming + go eat at Sando Haus on the Walk of Cairo
Good morning, friends, and happy hump day. It’s still crisp out there — 8°C in the capital city as we…
CBE leaves rates on hold in final meeting of 2021
The Central Bank of Egypt (CBE) left interest rates on hold for the ninth consecutive meeting on Thursday as policymakers…
Care about deforestation? Time to forgo your steak and morning cup of jo
Carrefour among supermarkets dropping Brazilian beef over deforestation connection: European supermarket chains Carrefour, J Sainsbury, and Ahold Delhaize are at…
Fitch thinks Egypt could be up for another IMF program
Egypt’s high exposure to external financing could lead the government to seek a fresh IMF program, especially in the event…
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