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Emerging-market investors are turning to the EUR to fund carry trades
Move over, USD. The EUR is the new funding currency of choice for EM carry traders: Investors trading emerging-market currencies…
Auto sales just keep dropping
Auto sales fell by more than a third in June as import restrictions and economic headwinds hit the industry. Customers…
Another direct wheat purchase?
GASC bought 63k tons of German wheat directly from suppliers on 5 July, Reuters reported Thursday, citing anonymous sources. This…
More trade with Algeria
Egypt inks 12 agreements with Algeria to boost trade + investment ties: Egypt and Algeria signed 12 MoUs in the…
Last Night’s Talk Shows: El Sisi in Muscat
Leading the airwaves yesterday: A two-day visit by President Abdel Fattah El Sisi to Oman led the conversation among the…
Could the auto industry get some much-needed reprieve?
PM Madbouly seeks to reassure automotive players on stymied car imports: Prime Minister Moustafa Madbouly has directed his ministers, the…
German-Egyptian EV + Aldi setting up shop?
German-Egyptian EV cooperation in the works: An as of yet unnamed German car manufacturer will soon sign an agreement with…
Prioritize FDI + exports over hot money, says Maait
FinMin wants to cut reliance on hot money: Egypt needs to focus less on attracting portfolio flows and more on…
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