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Fitch Ratings is positive on IMF agreement, EGP float, but…
IMF pact, EGP flexibility get the thumbs up from Fitch: Our USD 3 bn loan agreement with the IMF and…
The House greenlights a batch of development loans, grants + a bill allowing fresh oil exploration in North Sinai
The House of Representatives approved a set of development loans and grants yesterday in food security, infrastructure, education, and healthcare.…
The World Economic Forum annual meetings start today
Get ready for the return of the World Economic Forum at Davos for the first January in three years. Guests…
EGP breaks the 30 barrier against the USD before settling at 29.76
The EGP tumbled to a new all-time low against the greenback yesterday as authorities continued to transition to a fully…
IMF breaks down the details on our USD 3 bn loan
IMF releases breakdown, timing + conditions of our USD 3 bn facility: The IMFyesterday published a package of documents (pdf)…
A fresh GASC tender for wheat, backed by the World Bank
GASC puts out a fresh international wheat tender: State grain buyer GASC has launched an international tender to purchase 30k-60k…
THIS MORNING: We’re back with a big week for the Egyptian economy
Good morning, wonderful people, and welcome back to work. We hope you (and the kids trudging back to school) had…
CBE lets EGP slide as Big Two state-owned banks announce 25% CDs
The Central Bank of Egypt made a big move on the FX front yesterday, allowing the EGP to slide against…
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