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What got us there: A float of the EGP and a 600 bps rate hike
The EGP fell to record lows, before settling at 49.5 against the USD
It’s morning again in Egypt: Sentiment can turn on a dime, and that’s what happened yesterday
Central Bank Governor Hassan Abdalla spoke for us all when he said yesterday that having two exchange rates is a…
Net foreign liabilities hit record high in January for second consecutive month
Net foreign asset deficit at commercial banks widened to USD 17.6 bn from USD 16.2 bn
All eyes on the EGP
Good morning from Dubai, where we’re looking forward to the start of the EFG Hermes One on One in a…
Investors turn more bullish on Egypt’s economy as proceeds from Ras El Hekma sale enter state coffers
Egypt received USD 10 bn from Ras El Hekma sale over the weekend in addition to USD 520 mn from…
Egypt Kuwait Holding reports a 25% increase in net attributable income in 4Q 2023, despite dip in revenues
Despite a decline in revenues and bottom line throughout the year, revenues still remained above pre-Ukraine war historical averages and…
Arab International Company for Hotels and Tourism eyes asset sales to pay off debts. PLUS: Egyptian-Chinese cars by 2025, Egypt commits to Eni payments, MSC eye logistics investments, Real Estate Tax Authority + E-Tax, Banque Misr SME platform
Unconfirmed media reports in 2023 said that the company had received a USD 320 mn offer from a Qatari group…
Egyptians Abroad Investment Company could kick off operations this year
The government has tapped investment firm Zilla Capital to manage the company’s assets
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