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CBE sells USD 1.7 bn USD-denominated T-bills, repurchases USD 2.6 bn T-bonds
The central bank sold USD 1.7 bn-worth of one-year USD-denominated treasury bills on Monday at an average yield of 3.697%,…
Egypt releases EGP 504 mn in export subsidy funds
Gov’t disburses EGP 504 mn in export subsidy funds: Finance Minister Mohamed Maait has disbursed EGP 504 mn in export…
Egypt’s non-oil industrial output climbs to EGP 168.5 bn in 1Q2018
Egypt’s non-oil industrial output jumped 32% in 1Q2018 to EGP 168.5 bn, up from EGP 127.7 bn in the same…
Egypt’s budget deficit narrowed to 1.9% in 1Q18-19
Egypt’s budget deficit narrowed slightly to 1.9% during the first quarter of FY2018-19, down from 2% during the same period…
Exec regs are due this week for the one ‘reform’ bill business could come to dread
Executive regulations are due this week for one piece of “reform” legislation the business community could come to dread. The…
Egypt and UK in early talks of post-Brexit freetrade agreement
Egypt and the UK are reportedly in “early talks” over a post-Brexit trade agreement, government sources told the domestic press…
Correction: Avedissian worked with architect Hassan Fathy
CORRECTION - Egyptian-Armenian artist Chant Avedissian worked with (and was inspired by) the famous architect Hassan Fathy, not Hassan Fahmy…
Heliopolis Housing profit and revenue drop as sales plummet
EARNINGS WATCH- Real estate company Heliopolis Housing’s net profit was down 88.6% in 1Q2018-2019 to EGP 8.7 mn from EGP…
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