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CBE suspends tourism financing initiative
The central bank could launch a new scheme with FX conditionality in the next 2-3 months
Morgan Stanley cuts Egypt growth outlook
Analysts expect authorities to devalue the currency again in September or October
Singapore chemicals firm eyes Egypt. PLUS: EgyptAlum, valU and a USAID-backed entrepreneurship initiative
The company signed an MoU with the Sovereign Fund of Egypt yesterday
Last Night’s Talk Shows: On the Russia-Africa Summit, digital banking + blackouts
The summit will see discussions on the future of the Black Sea grain pact
Karim Youssef joins Harvard advisory board + Cayesh lands USD 50k from Visa
Youssef is the founder and chairman of Youssef & Partners. Cayesh is a supply-chain finance startup.
CMA CGM eyes stake in state-owned shipping firm
Transport Ministry and National Bank of Egypt are holding talks with the French shipping giant
Last Night’s Talk Shows: New USD CDs + the ongoing heatwave
NBE and Banque Misr launch new USD certificates of deposit
Banque Misr + NBE are back with another round of USD certificates to draw more FX into the banking system
The state banks will begin offering two three-year certificates offering 7% and 9% annual rates from today
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