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Central bank expected to leave rates unchanged on Thursday
Good afternoon, all. Just two days in and September is already shaping up to be a busy month for business…
Egypt’s net foreign asset surplus rises to USD 13.3 bn in July
This is the country’s third month in the green after our net foreign assets shifted from deficit to surplus in…
El Etreby and Okasha reportedly set to swap positions in managerial shakeup of state banks
Good morning, friends. Welcome to the first day of both a new week and month. September looks set to be…
Stellantis in talks with gov’t to start assembling Fiat, Citroen, and Opel models locally. PLUS: SODIC, CIB + Chemicals & Fertilizers Export Council, Misr Ins., Eaton, MSMEDA
Stellantis was one of several car makers that expressed interest in the Egyptian Automotive Industry Development Program
Al Ismaelia to complete two new Downtown hotels by 2025. PLUS: EGPC goes solar, CIB + Ostuka, NoorNation + KBW Ventures, Radwan, Rowan university heads to the NAC
The projects will add a combined 120 units to the area’s hotel capacity
CBE says banks allowed to set their own FX withdrawal limits following reports of enforced limits in the pipeline
No limits will be applied to FX deposits or overseas transfers
CBE expected to soon lift import restrictions on non-essential goods following FX liquidity uptick
The CBE on Sunday asked local banks to categorize letters of credit for the 13 non-essential goods that require prior…
Hassan Abdalla gets another year as CBE governor
Abdalla has been the governor of the CBE since 2022
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