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Electricity rationing + inflation dominate the airwaves
The government’s plan to cut back on public electricity consumption was still dominating the airwaves last night: Prime Minister Moustafa…
Inflation hits new three-year high in July
Inflation resumed its upward trend in July, reaching a fresh three-year high on the back of higher food and fuel…
THIS MORNING: The Central Bank of Egypt is getting into contactless payments
Good morning, friends, and happy hump day. It’s a truly slow newsday (we are, indeed, in the dog days of…
Foreign reserves dip for third consecutive month in July
Foreign reserves fall again in July: Foreign reserves slipped to USD 33.14 bn in July, down from USD 33.4 bn…
Outflows, commodity price shock hit current account in 3Q 2021-2022
Egypt’s current account deficit widened more than 2% to USD 5.79 bn in 3Q 2021-2022, as capital outflows and surging…
THIS EVENING: Chimera’s acquisition of Beltone is now executed + The Bank of England delivered its biggest rate hike since ‘95
Happy THURSDAY, wonderful people. We’re never sure if the summer slowdown is real, but we’re almost certain that summer Thursdays…
Hike ’til you drop
‘50 is the new 25’ when it comes to rate hikes: Central banks globally are being pushed to impose bigger…
Banque du Caire’s Telda prepaid card gets central bank approval
CBE gives greenlight to BdC’s Telda prepaid card: Banque du Caire has received final approval from the Central Bank of…
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