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Egypt in the News: Deja vu
It’s more of the same for Egypt in the international press as scribes rehash some of their favorite topics: The…
Egypt inflation hits new four-year high
Inflation accelerated again in September as price shocks continue to linger, according to CAPMAS figures (pdf). Urban consumer price inflation…
Investors show interest in state-owned hotels
Investors are lining up to snag shares in state-owned hotels: Several unnamed international investors and investment funds have submitted offers…
Last Night’s Talk Shows: More on the ramifications of the FX shortage
It was a quiet night on the airwaves last night, as the talking heads chewed over the consequences of an…
Last Night’s Talk Shows: New foreign withdrawal limits + More on privatization
New foreign withdrawal limits imposed by some local banks headlined last night’s talk shows. Veteran banker Sahar El Damaty urged…
Current account narrows in FY 2021-2022 despite turbulence
Egypt’s current account deficit narrowed by 10.2% to USD 16.6 bn in FY 2021-2022, buoyed by oil and non-oil exports,…
Major local banks set withdrawal limits on using debit and credit cards abroad + CBE reportedly mulls allowing NDFs to trade
At least four major banks have in recent days imposed limits on foreign exchange use in what pundits say is…
CBE move to raise up reserve requirements “logical,” says HSBC Egypt CEO
The Central Bank of Egypt’s decision to increase the reserve ratio to 18% was “logical” given current global economic conditions,…
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