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Hassan Abdalla to lead the central bank for another year
Abdalla has presided over sweeping policy changes including the EGP deval
CBE sells more than EUR 600 mn in T-bills in oversubscribed issuance
The central bank sold the bills at a 4% yield
Abu Auf to enter KSA this year? PLUS: News from the CBE, Pickalbatros
Abu Dhabi wealth fund ADQ acquired a majority stake in the Egyptian food company last year
Inflation hits new record high in July, but cools slightly month-on-month
Food prices were almost 70% higher compared with a year ago
Orascom Financial Holding wants to set up a digital bank
A number of local companies are eyeing setting up digital arms
Egypt’s foreign reserves continue to rise in July
Foreign reserves inched up to USD 34.88 bn
CBE makes surprise 100-bps rate hike
Analysts had expected the central bank to keep rates on hold
Blackouts, interest rates and gold ownership get attention on the airwaves
Egyptians bought a record amount of gold in 2Q, according to the World Gold Council
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