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Central bank expected to leave rates unchanged on Thursday
Good afternoon, all. Just two days in and September is already shaping up to be a busy month for business…
Egypt’s net foreign asset surplus rises to USD 13.3 bn in July
This is the country’s third month in the green after our net foreign assets shifted from deficit to surplus in…
CBE says banks allowed to set their own FX withdrawal limits following reports of enforced limits in the pipeline
No limits will be applied to FX deposits or overseas transfers
CBE expected to soon lift import restrictions on non-essential goods following FX liquidity uptick
The CBE on Sunday asked local banks to categorize letters of credit for the 13 non-essential goods that require prior…
Hassan Abdalla gets another year as CBE governor
Abdalla has been the governor of the CBE since 2022
Foreign investments in Egypt’s t-bills were up again in May for third consecutive month following EGP float
Foreign investments in Egypt’s t-bills sat at USD 37.5 bn by the end of May
Yield on three-month t-bills hits five-month high
Good morning, folks. It is a fairly quiet morning led by the launch of our carbon market — Africa’s first…
Polaris Parks is set to invest EGP 5 bn in new industrial complexes. PLUS: News from Saudi Drilling & Exploration, Jade Textile, EEHC
The company is waiting for five plots to be allocated
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