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Logic Holding snaps majority stake in Nexel
The acquisition plays right into Logic’s growth plans across key markets in the region
Egypt’s current account deficit doubles to USD 5.9 bn in 1Q FY 2024-2025
The deficit was driven by a sharp increase in the trade deficit and a significant decline in Suez Canal revenues
Inflation continues its downward trend in December
Good afternoon folks, and happy Thursday. Read on for all the latest — and have a good weekend. THE BIG…
Financial soundness indicators suggest strengthening banking sector post-EGP float
Key indicators show improved capital adequacy, fewer non-performing loans, and solid liquidity in the Egyptian banking system
Egypt’s foreign reserves inch up USD 157 mn in December to USD 47.1 bn
Net foreign reserves have now increased month on month for 28 consecutive months
Net foreign assets dropped 35% to USD 6.0 bn in November
Driven by a sharp decline in foreign assets in commercial bank
Banks will be closed on Wednesday to mark the end of their fiscal year
Good morning, friends. We close out 2024 with another packed issue busy with the latest on our automotive localization push,…
Central Bank of Egypt keeps rates unchanged for sixth time in a row
The decision “remains appropriate to maintain a tight monetary stance until a significant and sustained decline in inflation is achieved”
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