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Banks to discuss remaining objections on CBE and Banking Acts in mid-August meeting
Bankers, CBE to meet in two weeks to continue talks on central bank and banking acts: The Federation of Egyptian…
Speed Round
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Government planning USD 2-4 bn Eurobond in 1Q2018
USD 2-4 bn eurobond issuance planned for 1Q2018: Egypt is a planning a eurobond issuance to the tune of USD…
Reserves grow to USD 36 bn
Central bank reserves are at their highest level ever. Provisional central bank data showed that net international reserves rose to…
Trump fires White House communications director 10 days after his appointment
Other international headlines worth a skim this morning: How to lose a guy in 10 days: US President Donald Trump…
DPRK’s Hotel of Doom gets makeover
Hotel of Doom gets a makeover: North Korea’s Ryugyong Hotel, commonly known as Hotel of Doom, got a makeover, according…
Italy and France warn Turkey about Cyprus gas drilling
Italy and France sent a warning to Turkey about the Cypriot gas drilling dispute, Euractiv reports. Italian Minister of Defence…
Qatar files legal complaint with WTO against Arab countries’ trade boycott
Qatar filed yesterday a complaint with the World Trade Organization (WTO) against the “trade boycott” imposed by Saudi Arabia, the…
One third of Egyptians curb consumption of goods following fuel, electricity subsidy cuts
Subsidy cuts drive down food consumption: 34% of Egyptians have begun curbing their consumption of various consumer goods, most notably…
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