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More trouble ahead for importers as customs exchange rate rises
Leading the airwaves yesterday: The Customs Authority’s decision to hike the USD customs exchange rate to EGP 18.65 this month…
Bye-bye, 18% certificates of deposit…
NBE, Banque Misr suspend sales of 18% CDs: State-owned National Bank of Egypt (NBE) and Banque Misr will no longer…
The world hasn’t seen so many rate hikes in a three-month period this side of the millenium
Cheap money is history: Central banks around the world are raising interest rates at the fastest rate in more than…
THIS EVENING: We have more clarity on consumer refunds on car payments + monetary policy is top of mind for the global business press
Give yourselves a pat on the back for making it to this very well-earned THURSDAY afternoon, friends. It’s been a…
African Development Bank to lend USD 1.5 bn to African farmers to stem food crisis
The African Development Bank has approved a USD 1.5 bn facility to help African countries avert a “looming food crisis,”…
CBE goes for 200-bps rate hike to tamp-down inflation
The Central Bank of Egypt (CBE) raised interest rates for the second time since March as it looks to rein-in…
THIS EVENING: We’re waiting on the CBE’s decision on rates + Environment Ministry to go in depth on Egypt’s National Climate Strategy for 2050
Good afternoon, wonderful people, and welcome (finally) to THURSDAY. It’s a moderately calm end to the week, but we anticipate…
Urban inflation hits 13.1% in April amid global commodities spiral
Inflation rose to a near three-year high in April as rising food costs and the devaluation of the EGP in…
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