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Moody’s upgrades five local banks’ credit rating outlook to positive
Moody’s cited the FX liquidity from the Ras El Hekma agreement in addition to recent reforms
Another rate hike incoming?
JPMorgan sees the CBE hiking interest rates by a further 200 bps when it meets later this month
THIS EVENING: CIB hikes FX transaction limits again
Good afternoon, folks, and Ramadan Kareem. We hope that the caffeine withdrawal has been gentle as we begin the holy…
Banks trade USD 1.9 bn in two days
The EGP lost almost 37% of its value against the greenback after the float
CIB’s net income soared 83% in 4Q 2023
Revenues rose 71% y-o-y in 4Q 2023 to EGP 16.3 bn
CIB, ADIB cut credit card limits on FX spending
The central bank has been tightening its grip on FX transactions in recent months
A new war front. PLUS: More credit card limits.
Good morning, friends and happy Friday. Despite the short business week we remained busy with a slew of economic and…
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