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M2 Money Supply grows 17.02% in August
Egypt’s M2 Money Supply grew 17.02% y-o-y in August to EGP 3.51 tn, according to central bank data cited by…
Speed Round
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EMG, Israeli Electric are withdrawing arbitration cases against Egypt
EMG, IEC have begun withdrawing arbitration cases against Egypt: East Mediterranean Gas (EMG) and Israel Electric Corporation have officially begun…
Egypt angling for inclusion in JP Morgan emerging markets bond index?
Egypt angling for inclusion in JPM EM bond index? Egypt reportedly wants to be included in JP Morgan’s emerging markets…
CEO Ayman Kandeel takes over at A__XA Health Insurance
MOVES- AXA Egypt Health Insurance has tapped Ayman Kandeel as CEO, effective tomorrow, says Amwal Al Ghad. Kandeel moved over…
220 people want to run our SWF; exec regs should be in front of PM by mid-October
220 people want to run our SWF: Egypt has received some 220 applications from potential managers for its new EGP…
CBE looks to introduce nano credit
CBE looks to introduce nano credit: The central bank is looking at introducing nano lending — providing mobile-based cash loans…
Egypt receives final USD 500 mn tranche of AfDB’s USD 1.5 bn loan
Egypt received the third and final USD 500 mn tranche of a USD 1.5 bn African Development Bank loan on…
Sawiris criticizes crowding out of the private sector + gov’t is now biggest importer of live cattle and frozen beef
Sawiris criticizes crowding-out of the private sector: Naguib Sawiris criticized the involvement of state- and military-owned firms in a number…
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