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El Sisi to meet with EU’s top diplomat + Egypt co-hosts global fundraiser for Sudan
EU’s Josep Borrell yesterday pledged EUR 20 mn to help Egypt with Sudanese refugees
CBE needs USD 5 bn for orderly currency float -Goldman
Egypt is unlikely to obtain the amount of FX needed for an orderly deval, says the investment bank
Inflation returns to acceleration in May
Food and beverage inflation rose to 60% y-o-y
Madinet Masr announces first project outside of Cairo. PLUS: Raya CX expands in KSA, Weitz medical warehouses
The Zahw mixed-used development in Assiut will feature almost 1.3k residential units
Last Night’s Talk Shows: The truth behind prepaid cards’ suspension
Authorities decided to limit prepaid cards to local purchases in efforts to preserve FX
CBE bans some prepaid cards from making international transactions
The move affects cards that aren’t linked to bank accounts
Hungary wants more EU funding for Egypt to tackle migration
Shoukry was in Budapest yesterday to discuss economic ties, migration with the Hungarian foreign minister
It’s getting easier for the unbanked to bank
Today: The sultan of Oman wraps up his visit to Egypt, and the ceasefire in Sudan takes effect this evening
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