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What we’re tracking on 11 January 2021
Welcome to another workaday Monday, nice people. It’s a reasonably quiet news morning, but don’t be deceived by the calm:…
Banks will need to transfer funds within hours
Banks are now required to complete EGP transfers within a shorter timeframe under directions (pdf) from the Central Bank of…
Our latest IMF report card is out, unlocking USD 1.67 bn
The IMF has bumped its growth outlook for Egypt in FY2020-2021 to 2.8%, up from its 2% forecast in June.…
What we’re tracking on 10 January 2021
Good morning, friends, and welcome to the first “real” workweek of 2021 in which pretty much everyone is back from…
We’re stocking up on greenbacks
Foreign reserves reached their highest level since April last month, rising almostUSD 800 mn in December to top USD 40…
What we’re tracking on 6 January 2021
Merry Christmas to everyone who will be celebrating today and tomorrow — we wish you a beautiful, relaxing day with…
How about a vacation to Basel instead?
Banks have until 1 January 2022 to comply with updated Basel III requirements — aka Basel IV — on managing…
Meet our green(er) future
The Central Bank of Egypt (CBE) has launched a multi-bn EGP program to encourage car owners to outfit their vehicles…
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