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Global economy cools with diverging regional outlooks
Investors are looking beyond the US to Europe, Japan, China, and India for growth
Foreign reserves increase to USD 49.3 bn in August
PLUS- Rock Steel wants to set up a new EGP 1.5 bn factory in Beni Suef, producing a specific type…
EONS unveils New Cairo development with initial investments of EGP 10 bn
PLUS- CBE allows banks to establish service units outside traditional branches
Tarek Fayed officially named CEO of United Bank
The announcement confirms earlier unconfirmed reports
CBE reveals new regulatory framework for foreign exchange bureaus to combat money laundering, other illicit activity
Bureaus have six months to comply with the new framework
Net foreign assets hit fresh high of USD 18.5 bn in July
Commercial banks’ net foreign assets recorded a surplus of USD 7.99 bn in July
CBE resumes its easing cycle with 200 bps cut
Rates are now down a whole 525 bps since the bank began its easing cycle in April
It’s interest rate day
Good morning, friends and happy Thursday to you all. We have a brisk issue for you this morning with fresh…
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