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Net foreign asset surplus shrinks 26.8% in August
Good afternoon, folks. Just tomorrow to go and then the long weekend. THE BIG STORY TODAY Egypt’s net foreign asset…
Egypt’s current account deficit quadruples in FY 2023-24
The deficit was driven by a significant increase in the trade deficit and a decline in Suez Canal revenues
Arab central bankers are convening in Cairo this week
Good morning, friends. We are kicking off the business week with a packed issue, full of economy, investment, M&A, and…
CBE to sell a stake in United Bank in IPO by 1 Q 2025
The CBE is in the process of obtaining the required approvals form the Financial Regulatory Authority and the EGX
Foreign reserves continue their upward cruise, coming in at USD 46.6 bn in August
FX reserves seem to have weathered early August’s global market meltdown
CBE holds interest rates steady in line with expectations
The MPC sees inflation hovering around current levels until 4Q 2024
To cut, or not to cut, that is the question
Good morning, friends. It’s finally Thursday and the weekend is nearly upon us. But there’s still one whole work day…
CBE expected to keep interest rates unchanged when it meets on Thursday
All eight analysts and economists we surveyed see the MPC holding rates steady
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