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Developers are eyeing risk contracts to cope with unpredictable construction cost increases
Property risk contracts are being considered to for developers to hedge against soaring construction costs
Egypt inching closer to new “large” IMF loan, says Fund chief
Georgieva said that the Fund’s talks with Egypt have been about a more flexible exchange rate, but not a float…
With mandatory pricing + FX pressures, Egypt’s pharma industry is trying to keep its head above water
Manufacturers are looking to produce vitamins and cosmetics to help offset losses
Our net foreign liabilities inch up to new record high
Commercial banks drove the headline figure, with their net foreign assets dropping to a deficit of USD 16.2 bn
Gov’t introduces bookkeeping scheme to account for FX price differentials
The difference between the official and parallel market exchange rates that the rules account for stand at an annual average…
War on Gaza will cut into foreign exchange inflows, spike gov’t expenditure - IMF
Israel’s war on Gaza is “exacerbating an already challenging environment for neighboring countries and beyond,” warns the IMF
Gov’t takes steps towards bringing the real-estate-for-FX scheme to life
Foreigners enrolling in the initiative will be offered residency- and citizenship-related incentives
THIS EVENING: Car import scheme expected to reel in USD 2 bn, FinMin says
Good afternoon, friends and happy Monday. It’s still a relatively slow news week so far, although there are early signs…
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