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Net foreign assets deficit widens to most on record in June
Net liabilities in the banking system widened by USD 2.6 bn during the month
Al Amal to temporarily shutter BYD assembly plant on FX shortage
Al Amal has cut production by more than half over the past year, could look to resume assembly of Lada…
CBE to keep rates unchanged on Thursday -poll
All seven analysts expect policymakers to hold rates for a third consecutive meeting
Morgan Stanley cuts Egypt growth outlook
Analysts expect authorities to devalue the currency again in September or October
More oil and gas exploration in the Med and Gulf of Suez
ExxonMobil, Kufpec and Pico Energy will partner with state energy firms to explore for hydrocarbons
Last Night’s Talk Shows: New USD CDs + the ongoing heatwave
NBE and Banque Misr launch new USD certificates of deposit
The economy grew 4.2% in FY 2022-23, preliminary figures show
Growth is expected to remain at 4.2% this year, according to a Reuters poll
The government wants to relax foreign ownership rules on real estate to raise FX
The move is part of a raft of decisions recently approved by the government’s new investment council
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