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State exits microfinance player Tamweely after EGP 2.8 bn buyout by int’l consortium
The acquisition comes just ahead of our fourth IMF loan program review in late September
NBFSs register solid increases across the board in 2Q 2024, FRA says
Mortgage financing registered a 206.7% y-o-y increase in loan value
Foreign reserves continue their upward cruise, coming in at USD 46.6 bn in August
FX reserves seem to have weathered early August’s global market meltdown
CBE holds interest rates steady in line with expectations
The MPC sees inflation hovering around current levels until 4Q 2024
War in Gaza and falling gas production continue to be thorns in economy’s side, says BMI report
The report estimates that foreigners hold around half of treasury bills, amounting to about 90% of FX reserves
Fresh details on the move to cash-based subsidies
We could see the initial phases of the implementation of cash-based subsidies at some point during the next fiscal year
Non-oil private sector activity grows after three years in contraction
Our PMI left contraction territory for the first time since November 2020
CBE expected to keep interest rates unchanged when it meets on Thursday
All eight analysts and economists we surveyed see the MPC holding rates steady
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