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Net foreign assets at banks dip in March
Net foreign assets (NFAs) in Egypt’s banking sector dipped 13.7% m-o-m in March to reach USD 17.70 bn, from a…
If history is anything to go by …
The post-pandemic era is likely to see low interest rates and muted bottom line, leaving owners of capital with smaller…
Kudos: Incubator program for PwD + Geocycle safely disposes of waste + CIMUN lands Outstanding Delegation at NMUN
Incubator for assistive technology startups: NilePreneurs and the UNDP have launched a six-month incubation program to provide companies with the…
Inflation slows unexpectedly in April
Annual urban headline inflation slowed in April against expectations, shrugging off rising global commodity prices thanks to a favorable base…
Foreign reserves essentially flat in April
Egypt’s FX reserves held steady at USD 40.3 bn in April, according to Central Bankof Egypt figures. Foreign reserves had…
Blom Bank is one step closer to leaving Egypt
The acquisition of Blom Bank Egypt by Bahrain’s Bank ABC will get approval from the Central Bank of Egypt (CBE)…
Egypt remains top carry trade as CBE leaves rates on hold
The Central Bank of Egypt (CBE) left rates on hold for a fourth consecutive meeting last Wednesday as policymakers looked…
THIS MORNING: It’s interest rate day; when are we returning to work?
Good morning, wonderful people, and welcome to the final workday of the week. Is there anything in the world better…
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