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CBE bans some prepaid cards from making international transactions
The move affects cards that aren’t linked to bank accounts
Hungary wants more EU funding for Egypt to tackle migration
Shoukry was in Budapest yesterday to discuss economic ties, migration with the Hungarian foreign minister
It’s getting easier for the unbanked to bank
Today: The sultan of Oman wraps up his visit to Egypt, and the ceasefire in Sudan takes effect this evening
FinMin announces temporary VAT exemption on imported machinery and equipment. PLUS: Microfirms can borrow more, new PwC center,
Ministry didn’t disclose how long the exemption will remain in place
CBE holds interest rates steady
Rates could soon resume their upward trajectory as inflation picks up
THIS EVENING: It’s interest rate day + El Sisi heads to KSA
Good afternoon, wonderful people, and a very happy THURSDAY to us all. We’re winding down what has been a busy…
FX bureaus face strict capital requirements, tighter controls as CBE moves to curb black market
Regs to strike “significant blow” to the parallel market
It’s interest rate day in Egypt
Arab League meets tomorrow
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