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THIS MORNING: Shoukry in Israel for “historic” summit + USD 200/barrel oil this year?
Good morning, friends, and welcome to the last workweek before the start of Ramadan, which begins this coming Saturday. We…
Egypt + Saudi Arabia to boost economic ties
Egypt and Saudi Arabia agreed to boost cooperation in trade, investment, electricity, oil and petrochemicals, telecommunications, and finance during a…
It’s not just food prices that are going up
The nation’s talking heads took a break from discussing food price inflation last night, and instead turned their attention to…
Gov’t steps in to lower flour prices + calls for metal export ban
Rising food price inflation continued to dominate the airwaves last night, with most of the talking heads dedicating sizable portions…
Fresh exemptions from filing L/Cs for some imports + central bank exempts some foodstuffs from cash cover for another year
No L/Cs required for operational imports: Some goods imported by companies and organizations for their own use — as opposed…
Russia says western arms shipments to Ukraine are legit targets; US to send more arms
Russia has warned that it could strike western arms shipments, potentially drawing Moscow and Nato closer to armed confrontation, the…
THIS EVENING: Annual urban inflation rose to highest since mid-2019 + Trade Ministry bans exports of key food commodities + Hopes for Russia-Ukraine ceasefire dashed
Happy Thursday, wonderful people. We hope the howling winds and thoroughly brown view from our windows aren’t putting too much…
CBE issues updates to its L/Cs FAQ sheet
CBE issues updates clarifying new import rules: The central bank on Thursday issued updates (pdf) to its responses to importers’…
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