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THIS EVENING: Uber raises prices in Egypt + Good vibes ahead of this year’s Jackson Hole meeting, where US Fed boss Jay Powell speaks on Friday
Good afternoon, nice people. We hope hump day has been kind to you all. THE BIG STORY TODAY- The Finance…
Banque Misr wants you to keep your banking details safe
Most of the talking heads were focused yesterday on the nation’s medium-term fiscal targets, which were announced over the weekend…
Egypt is aiming for 6% inflation in FY2021-2022
The government is targeting a 6% inflation rate in FY2021-2022, down from 13.3% in 2018-2019, under its medium-term fiscal plans,…
Remittances spike in May
Remittance inflows from Egyptians working abroad rose almost 50% in May to USD 2.6 bn, up from USD 1.8 bn…
TONIGHT- Bid for an upgrade from EgyptAir + You need to come back to the office because you can’t cut a deal on Zoom
Good morning, friends — we hope hump day has been kind to you. The news day has been reasonably kind…
Yet more green finance from Europe
QNB Al Ahli lands a USD 50 mn loan for green projects: The European Bank for Reconstruction and Development (EBRD),…
Egypt could lose out on EGP 31 mn daily if it remains on UK’s “red list”
The Egyptian economy could lose as much as EGP 31 mn in potential daily revenues if the country remains on…
Unemployment flat quarter-on-quarter in 2Q2021
Egypt’s unemployment rate was largely flat in 2Q2021 at 7.3%, improving just 0.1 percentage points from the preceding quarter, according…
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