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Egypt’s current account enters the black for the first time since 2014
Thank import curbs, which narrowed the country’s trade deficit to 12-year lows
Al Kharafi + Samcrete awarded EUR 60 mn in contracts for new water infrastructure in Fayoum. PLUS: Cheaper wheat, better mobile networks, O West deliveries
The companies will build a new wastewater treatment plant and sewage networks under EBRD-backed program
IMF wants to see progress on reforms before first loan review –Bloomberg. PLUS: Abdalla on inflation
Officials reportedly want to see privatization and a fully flexible exchange rate
Inflation nears record high in March as impact of devaluation bites
Food prices hit fresh record high but core inflation slows
CBE delivers large rate hike to curb inflation
Move unlikely to spur new inflows, say analysts
THIS EVENING: All eyes are on the Central Bank of Egypt’s MPC meeting + National Paints Holding ups its Pachin offer
Good afternoon, wonderful people. It’s THURSDAY, an occasion made that much sweeter by the fact that we’re ending the first…
THIS MORNING: It’s interest rate day. PLUS: Introducing Enterprise Logistics.
Expect a huge rate hike when the MPC meets later today
THIS MORNING: There’s more speculation about devaluation ahead of Thursday’s MPC meeting
The USD rate has continued to widen in the parallel and derivative markets in recent days
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