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Egypt won’t need to tap lenders for the time being, says IMF
Egypt does not need additional external financing at the moment thanks to structural policy and fiscal reforms that have course-corrected…
We finally have a private-sector minimum wage
Private-sector workers are getting a minimum wage: Employees of private-sector companies will for the first time receive a minimum wage…
Bahrain over Egypt, says Arqaam Capital
Rising oil prices have Arqaam favoring Bahrain’s bonds over Egypt’s: The Egyptian bond market may be underpricing the country’s vulnerability…
THIS MORNING: IMF presser today; Shoukry in Rome for anti-Daesh meeting; Fake vaccine certificates in vogue in Moscow.
Good morning, everyone, and a very happy Monday to you all on this holiday-shortened week. WHAT’S HAPPENING TODAY- The IMF…
Egypt’s first local green bond sale approaches
The first local green bonds sale could go ahead in as little as two to three weeks, Financial Regulatory Authority…
Egypt is still Africa’s FDI darling
Egypt was the top recipient of foreign direct investment (FDI) in Africa in 2020, attracting USD 5.9 bn in inflows…
Inflation, inflation, inflation
INFLATION STORY OF THE DAY #1: House prices in the US and parts of Europe have surged to record highs…
Egypt’s first waste-to-energy plant launched in Fayoum
Other things on our radar this morning: Egypt launched its first waste-to-energy plant in Fayoum yesterday. The plant produces 100…
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