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THIS MORNING: Negm rules out near-term EGP devaluation + Is Qatar’s wealth fund about to follow ADQ + PIF into the EGX?
Good morning, friends, and welcome to an exceptionally packed Sunday. We’re going to jump right in No imminent EGP devaluation:…
Electricity rationing + inflation dominate the airwaves
The government’s plan to cut back on public electricity consumption was still dominating the airwaves last night: Prime Minister Moustafa…
Inflation hits new three-year high in July
Inflation resumed its upward trend in July, reaching a fresh three-year high on the back of higher food and fuel…
THIS MORNING: The Central Bank of Egypt is getting into contactless payments
Good morning, friends, and happy hump day. It’s a truly slow newsday (we are, indeed, in the dog days of…
Foreign reserves dip for third consecutive month in July
Foreign reserves fall again in July: Foreign reserves slipped to USD 33.14 bn in July, down from USD 33.4 bn…
Outflows, commodity price shock hit current account in 3Q 2021-2022
Egypt’s current account deficit widened more than 2% to USD 5.79 bn in 3Q 2021-2022, as capital outflows and surging…
Banque du Caire’s Telda prepaid card gets central bank approval
CBE gives greenlight to BdC’s Telda prepaid card: Banque du Caire has received final approval from the Central Bank of…
Foreign reserves fall again in June
Foreign reserves dip in June: Foreign reserves fell to USD 33.4 bn at the end of June, from USD 35.5…
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