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THIS EVENING: We might have our first bond issuance in India to raise FX from the sub-continent’s capital markets in 2024
Good afternoon, friends and Happy Monday. We hope you’re off to a smooth start this week as our local news…
Why did the USD fall in the black market?
Local media believes that the government poured USDs into the local market to help meet soaring demand
Real estate developers want cabinet to clone the car-for-FX scheme
The initiative may see home buyers get what they paid after 10 years
Net foreign liabilities hit record high in October as FX pressure mounts
Net foreign assets widened to negative USD 27.2 bn from USD 26.8 bn
El Sisi meets IMF boss + the EGP posts gains against the USD in the black market
Good morning, wonderful people, and happy December. It’s almost inconceivable, but 2023 is now drawing to a close. A BIG,…
Madbouly wants to bridge the gap between official and black market USD rate + Is this the end of the EGX rally?
Good morning, folks: There’s more cause for cautious optimism in this morning’s still-tepid domestic news cycle: the EBRD has signaled…
Fitch downgrades Egyptian banks’ operating environment score on ties to sovereign debt
Fitch estimates that about 50% of the total assets of Egypt’s banking sector are invested in government debt, creating a…
Get paid in FX? Pay VAT in FX
Sellers could choose to pay their VAT dues in EGP if they exchanged an equivalent amount or more of FX…
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