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THIS EVENING: EGP slips again + South Korea stampede kills more than 150 people
Happy Sunday, friends. We’re wary of calling out slow news days after our Thursday prophecy went in the polar opposite…
Musk takes over at Twitter + US earnings face USD 10 bn hole in 3Q thanks to stronger greenback
Musk is now officially chief twit: Elon Musk has closed his USD 44 bn acquisition of Twitter after a six-month…
Dominating the conversation internationally this morning: the EGP devaluation / IMF agreement + human rights
Dominating the conversation in the foreign press this morning: Thursday’s EGP devaluation and the announcement of a USD 3 bn…
Last Night’s Talk Shows: The gov’t really wants to talk about industry as the EGP devaluation sends the currency to record lows against the greenback
The economy dominated the conversation on the airwaves last night and over the weekend in the wake of the currency…
Expat car-for-FX scheme signed into law + Bye bye, L/Cs
The expat car import scheme is on its way: President Abdel Fattah El Sisi has signed into law a bill…
MNT agrees to sell 21.7% stake to Chimera Investments
Chimera snaps up c.22% of MNT Investments: Netherlands-based MNT Investments — which is majority-owned by GB Auto subsidiary GB Capital…
ICYMI: Taweem 3.0, IMF loan, rate hike, and more
What the [redacted] happened on Thursday? The Central Bank of Egypt (CBE) at the end of last week went ahead…
Egypt’s central bank goes for “durably flexible” float, snap rate hike as Cairo lands a USD 3 bn, 46-month IMF loan
Hello, friends. Remember how we suggested a few hours ago that today was set to be a slow news day…
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