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Hassan Abdalla reappointed CBE governor + Ahmed Galal joins AUC Board
#1- Hassan Abdalla gets another year as CBE governor: President Abdel Fattah El Sisi has reappointed Hassan Abdalla as the…
Bids roll in for the FRA’s credit rating license. PLUS: Arab agri investment, Megamind, and Gulf nations
Three consortiums have submitted bids for the FRA’s credit rating license
Infinity Power inks big Senegal contract. PLUS: Kuwaiti oil, digital banks, and aircraft
The battery energy storage system will supply Senegal with 40 MW of clean energy
Kuwait rolls over USD 4 bn CBE deposit -report
The two-tranche deposit is now set to mature in April and September next year
THIS EVENING: Kuwait tops up USD 4 bn deposit with CBE before next year’s expiry date + DP World’s Sokhna logistics zone to begin construction this month
Good afternoon, friends, and welcome to this busy Monday as fresh FX and investment updates are hitting our news cycle.…
Inflation eases for the first time in five months in October, slower than analyst expectations
Food inflation slowed for the first time since April
Egypt central bank, Kuwait wealth fund to divest 40% of AAIB
The sale is expected to take place in 2024
THIS EVENING: CBE + KIA to offload stakes in AAIB. Plus: No cyberattack at Fawry
Good afternoon friends and Happy Thursday. The week has ended with privatization updates entering our news cycle alongside the conflict…
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