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Mashreq’s net income after tax rose by 25% in 1Q2024
Driving the growth were low risk-costs, strong client margins, and a global high-interest rate environment.
Egypt could receive another USD 820 mn tranche in June
The country has met 7 out of 15 structural reform targets set by the fund
Goldman Sachs forecasts 2% CBE interest rate cut in May
Good morning, friends. It may not just be the weather that’s warming up in Egypt at the moment, with news…
EGX-listed companies can now buy or sell treasury shares on the open or secondary markets. PLUS: CBE to start accepting all bids from weekly fixed-rate main operation auctions, Belmazad launches online real estate auction platform
The amendments aim to increase demand for treasury shares
Central bank’s net foreign asset deficit falls to lowest level in over two years
A steep drop in the central bank’s net foreign asset deficit dominated talk shows last night, but the nation’s talking…
Netflix reports solid 1Q 2024 earnings, but growth concerns see shares fall
The streaming platform said it would stop reporting subscription figures every quarter
Fresh capital requirements for mortgage finance firms + more approved by the cabinet
The cabinet approved amendments hiking the capital requirements for mortgage finance firms to EGP 100 mn
The blackouts are back. Plus: regional tension is growing
Good morning, and happy Friday. Eid is over and we are all back in town and maybe it’s time to…
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