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COP27 + human rights are getting attention internationally
COP27 + climate is back in the foreign press this morning: Reuters says that tensions are rising ahead of the…
THIS MORNING: The Central Bank of Egypt is getting into contactless payments
Good morning, friends, and happy hump day. It’s a truly slow newsday (we are, indeed, in the dog days of…
Egypt is really getting on the digital payments wagon
Digital payments are more popular than ever in Egypt: Over the past year, some 88% of consumers in Egypt have…
Foreign reserves dip for third consecutive month in July
Foreign reserves fall again in July: Foreign reserves slipped to USD 33.14 bn in July, down from USD 33.4 bn…
Saudi wealth fund could acquire United Bank this year, appoints advisers on transaction
Saudi Arabia’s sovereign wealth fund could purchase United Bank from the Central Bank of Egypt (CBE) before the end of…
Consumer Finance Act amendments are now law
President Abdel Fattah El Sisi has ratified amendments to the Consumer Finance Act, adding three new articles that are designed…
Outflows, commodity price shock hit current account in 3Q 2021-2022
Egypt’s current account deficit widened more than 2% to USD 5.79 bn in 3Q 2021-2022, as capital outflows and surging…
Seven NBFIs recognized for sustainability
Seven non-banking financial institutions have been recognized for their sustainable business practices by the Financial Regulatory Authority, the regulator said…
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