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CBE to raise rates this Thursday to curb inflation
The Central Bank of Egypt (CBE) is likely to resume its tightening cycle and raise rates for the third time…
THIS MORNING: Negm rules out near-term EGP devaluation + Is Qatar’s wealth fund about to follow ADQ + PIF into the EGX?
Good morning, friends, and welcome to an exceptionally packed Sunday. We’re going to jump right in No imminent EGP devaluation:…
Electricity rationing + inflation dominate the airwaves
The government’s plan to cut back on public electricity consumption was still dominating the airwaves last night: Prime Minister Moustafa…
Egyptian financial services firms recognized by Global Banking and Finance Review + Forbes
Global Banking and Finance Review names best Egyptian banks + NBFIs of the year: The Global Banking and Finance Review…
Inflation hits new three-year high in July
Inflation resumed its upward trend in July, reaching a fresh three-year high on the back of higher food and fuel…
No new sin tax on smokes, Egypt’s finance ministry says
The Finance Ministry has not imposed a new sin tax on cigarettes, but will begin to direct the proceeds from…
EFG Hermes signs EGP 750 mn sale + leaseback agreement with Marakez
EFG Hermes’ leasing and factoring arm has signed an EGP 750 mn sale and leaseback agreement with real estate developer…
More than 4.5 mn now on universal health insurance system
More than 4.5 mn Egyptians have so far been registered on the Universal Health Ins. System, said Ahmed Sobky, chairman…
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