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The EGP gains against the USD are largely due to recent gold custom breaks
Residency-for-investment
Foreign investors will now get year-long residencies while setting up their businesses
FX bureaus face strict capital requirements, tighter controls as CBE moves to curb black market
Regs to strike “significant blow” to the parallel market
BNP Paribas, Citi analysts think an imminent EGP deval looks increasingly unlikely
Policymakers could wait for FX inflows before any further devaluation
Inflation took a month off in April
Inflation eased for the first time in 10 months in April thanks to a favorable base effect, the stabilization of…
JPMorgan expects an IMF review in June but warns on medium-term debt outlook
JPM says the most likely scenario is that we reach a staff-level agreement on the pending review, unlocking fresh cash
New rules making it easier for foreigners to acquire citizenship approved by MPs
Foreigners can now obtain citizenship by investing USD 300k in Egypt.
Egyptian, Indian firms to team up on USD 80 mn pharma materials plant
Egyptian and Indian firms will spend USD 80 mn on a pharma materials plant
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