Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Infrastructure 
Fitch wants to see signs of sustained progress before upgrading Egypt’s credit rating
Recent developments were already “baked” into Egypt’s current rating and outlook
Five companies are mulling sukuk issuances this year. PLUS: News from Contact, Hassan Allam Properties
Among the interested companies are Contact Financial Holding and MNT-Halan’s Tasaheel
Beltone turns profitable in 2023
Beltone’s net income and revenues soared in 2023 after years of losses
Gov’t declined all bids in latest bond auction
FinMin was reluctant to meet the high interest rates demanded by investors
Moody’s upgrades five local banks’ credit rating outlook to positive
Moody’s cited the FX liquidity from the Ras El Hekma agreement in addition to recent reforms
FX inflows, outflows inch closer to normalcy
Float spurs influx of FX sales at the country’s biggest FX bureaus
THIS EVENING: Customers sold c.EGP 765 mn in FX at Al Ahly Exchange and Misr Exchange
Good afternoon, folks, and happy hump day. Even with Ramadan, the news cycle hasn’t slowed down and is still going…
Another rate hike incoming?
JPMorgan sees the CBE hiking interest rates by a further 200 bps when it meets later this month
Something went wrong. Please refresh the page and/or try again.