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Goldman Sachs forecasts 2% CBE interest rate cut in May
Good morning, friends. It may not just be the weather that’s warming up in Egypt at the moment, with news…
EGX-listed companies can now buy or sell treasury shares on the open or secondary markets. PLUS: CBE to start accepting all bids from weekly fixed-rate main operation auctions, Belmazad launches online real estate auction platform
The amendments aim to increase demand for treasury shares
Central bank’s net foreign asset deficit falls to lowest level in over two years
A steep drop in the central bank’s net foreign asset deficit dominated talk shows last night, but the nation’s talking…
CBE raises daily withdrawal limit
The daily limit on over-the-counter withdrawals has been raised to EGP 250k
Current account deficit widens over 440% y-o-y in 1H FY 2023-24
The balance of payments was back in a deficit after two consecutive quarters of recording a surplus
THIS EVENING: CBE raises limits on cash withdrawals at bank branches + ATMs
Good afternoon, wonderful people, and welcome back. We hope you all had a restful long Eid El Fitr holiday, and…
Central bank could impose fines on importers who abandon their goods at ports
The CBE is also looking into blacklisting the importers who don’t clear their goods from ports
Foreign reserves jump above USD 40 bn thanks to Ras El Hekma
Reserves rose by over USD 5 bn in March
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