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Central Bank of Egypt sells more t-bills than target for the first time in months
CBE overshoots t-bill auction target for the first time in weeks: The Central Bank of Egypt sold EGP 25.96 bn…
Egyptians pour EGP 30 bn into new high-interest savings certificates
EGP 30 bn pours into new high-interest savings certificates: Egyptians invested EGP 30 bn into the new 15% fixed rate…
CBE expands industry stimulus package to agriculture companies
CBE expands industry stimulus package to agriculture companies: The Central Bank of Egypt (CBE) has expanded its EGP 100 bn…
High-performing EGP overvalued, likely to fall amid covid-19 EM asset dump -analysts
High-performing EGP “overvalued,” likely to fall amid covid-19 EM asset dump -Bloomberg report: The EGP has continued performing well amid…
Egypt cuts GDP growth forecast to 5.1% from 5.6% in FY 2019-2020
Gov’t revises downwards economic growth forecast this fiscal year to 5.1%: The government has cut its GDP growth forecast for…
NBE, Banque Misr sell EGP 21 bn in new fixed-rate savings certificates in first three days
New bank certificates prove popular: The National Bank of Egypt and Banque Misr have sold EGP 20.9 bn of their…
FRA grants nine-month extension for companies planning IPOs
IPO WATCH- Market regulator grants nine-month extension for companies planning IPOs: The Financial Regulatory Authority (FRA) has extended by nine…
Global stocks see second-consecutive day of gains on bailout hopes
Global stocks see second-consecutive day of gains on bailout hopes: Global equity markets continued Tuesday’s rally yesterday on hopes that…
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