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El Sisi to meet with EU’s top diplomat + Egypt co-hosts global fundraiser for Sudan
EU’s Josep Borrell yesterday pledged EUR 20 mn to help Egypt with Sudanese refugees
More talk of the EGP exchange rate + migrant shipwreck
The USD fell 5% against the EGP in the parallel market, said Amr Adeeb
We could pay for potential credit line from India using fertilizer and gas -report
The FX crunch is making it harder for Egypt to pay for imports of key commodities
CBE needs USD 5 bn for orderly currency float -Goldman
Egypt is unlikely to obtain the amount of FX needed for an orderly deval, says the investment bank
El Sisi’s EGP comments dominate the airwaves
There will be no further EGP devaluation if it harms citizens, El Sisi suggested
Egypt submits BRICS membership bid -Russian official
BRICS membership could boost trade in currencies other than the USD
El Sisi says flexible exchange rate won’t come at Egyptians’ expense
“When the exchange rate is taking a toll on Egyptians, we don’t sit in place,” said El Sisi
India has not provided us with a credit line -El Moselhy
The government is looking into trade with India in INR, El Moselhy said
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