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High-record yield on new CDs + Price hikes for public and private utilities and services
Good morning, ladies and gentlemen, and happy Friday. We hope that this work week and longer weekend make our start…
THIS EVENING: A look at the Madbouly government’s fiscal projections for 2024-2025
Good afternoon folks, and happy near-Thursday. The weekend is peeking over the horizon as more stories begin to flood our…
Egypt’s net foreign liabilities improve slightly in November
The country’s net foreign deficit shrank to USD 27 bn in November
2024 is already shaping up to be a busy year
Good morning, wonderful people. We have an issue packed with macro and business news for you this morning to start…
Central bank shuts 7 FX bureaus. PLUS: News on East Qantara Dry Port, EasyPay cards, capital gains tax, PE firms
The news slowdown continues, with not much happening on the home front. NBFS- CBE shuts down seven FX bureaus: The…
CBE introduces new anti-money laundering rules for better cash flow monitoring
Banks will have a six-month window to implement the new measures
SMEs scramble to pay suppliers as credit card limits bite
From early-stage startups to agencies and professional services firms, it’s a slog to find ways of paying Google, Microsoft, and…
Got a new credit card this morning? You can’t use it for FX purchases for six months.
The move comes in response to a recent surge in credit card issuances
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