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Talk shows cover IMF chatter, new rules from the CBE, Gaza’s latest
All eyes on the IMF: The nation’s talking heads were all about IMF chief Kristalina Georgieva’s statements on our loan…
Inflation drops to its lowest level since January 2023
Annual inflation in urban areas slowed to 29.8% in January from 33.7% in December
THIS WEEKEND: An econ-heavy week, between new murmurs on the IMF program, an EGP 180 bn social package, and cooling inflation
Good morning, folks, and happy Friday. We don’t know about you all, but we’re quite relieved the weekend is finally…
Madbouly gov’t + CBE mulling new import controls. Plus: Desalination tender pushed to 2Q 2024
Good afternoon, friends, and happy almost-THURSDAY. It’s a busy Wednesday in the domestic news cycle, with more developments on our…
TMG mulls new project in the North Coast. PLUS: News from Telecom Egypt and the CBE
TMG’s shares rose 10.3% yesterday to close at EGP 37.5
FX reserves see slight uptick in January
The country’s reserves inched up to just under USD 35.25 bn by the end of January
Our net foreign liabilities inch up to new record high
Commercial banks drove the headline figure, with their net foreign assets dropping to a deficit of USD 16.2 bn
Gov’t introduces bookkeeping scheme to account for FX price differentials
The difference between the official and parallel market exchange rates that the rules account for stand at an annual average…
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