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CBE to leave interest rates unchanged in September -poll
All seven analysts surveyed by Enterprise see the CBE holding rates on Thursday
The expat car import scheme is making a comeback
Egyptian expats get another three months to import cars in exchange for FX deposits
THIS EVENING: A new round of the car import scheme + New Maersk, AP Moller venture has its eyes on Egypt. Plus: More privatization updates
Good afternoon, ladies and gentlemen, and a very, very happy THURSDAY to us all. We have an uncharacteristically busy end…
The government is extending its land-for-FX scheme for another 6 months. PLUS: Avanz Capital is planning fresh investment in Egypt
The initiative is one of many the government has introduced in response to the FX crunch
Fitch expects net foreign liabilities in Egyptian banks to rise amid FX crunch
Net foreign liabilities in the banking sector hit a record high in June
Foreigners: You’ll need to pay for your residence permits in FX from Saturday
The new rules do not apply to those who are arriving in Egypt as tourists
Fully flexible exchange rate needed to counter pressure on EGP -IIF
The institute says devaluation works in the short term but isn’t sustainable
August was a record-breaking month (and not the good kind)
A series of currency devaluations has sent consumer prices surging this year
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