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THIS MORNING: There’s more speculation about devaluation ahead of Thursday’s MPC meeting
The USD rate has continued to widen in the parallel and derivative markets in recent days
“Large-scale” privatization key to ending our FX crisis -Morgan Stanley
Bank thinks Egypt could bring in USD 7 bn from program by next year
A new gov’t investment fund wants to attract FDI from expats
Eight Egyptian businessmen living abroad are on the board
In a bid to attract FDI, the gov’t is making it easier to acquire citizenship
This is a latest effort to address Egypt’s chronic FX shortage.
NUCA to offer cut-price land to investors paying up front in FX
This is one of many attempts to bring more FX into the country.
The USD crunch is hitting fragile developing economies hard
Some of the world’s more vulnerable economies are being forced to take drastic measures as they struggle with fresh USD…
Private sector contracts at a slower pace in February amid signs inflation could be cooling
Due to contraction to persistently high inflation as supply chain pressures
THIS MORNING: It’s PMI day + Uber fares hiked (again)
Good morning, friends, and welcome to a very brisk news morning as we start this first full week of March.…
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