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What the USD’s rally means for the global economy + emerging markets
The USD has been on a tear this year. That strength is problematic for emerging markets and the global economy…
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An EGP 2 coin will be in circulation soon + is Global Blue coming to Egypt?
We’re getting an EGP 2 coin and an Egyptian-British mint in the Suez Canal Economic Zone (SCZone) after cabinet approved…
Egypt could soon start using RUB as central bank works on MIR link
MIR is coming: The Central Bank of Egypt is working to link Russia’s MIR payments system with Egypt’s homegrown Meeza…
OPEC+ unexpectedly cuts oil supply
And Europe learned the meaning of the word A_a… OPEC+ will cut supply in October in a surprise move meant…
EU energy prices up. EU currency down. Iranian oil…?
EU hits panic button as energy crisis escalates: The EU plans to “decouple” electricity prices from gas as part of…
Reserves in emerging markets are falling at the quickest rate since 2008
More warnings of a wave of EM debt defaults: Developing and emerging nations’ foreign reserves dropped USD 379 bn in…
This morning in the foreign press: Imbaba church fire + the direction of the EGP
This morning in the international press: Sunday’s tragic fire at a church in Imbaba continues to generate headlines abroad from…
Markets shrug after OPEC ups oil supply increases + the US turns to foes for oil
Oil producers to temporarily up supply: OPEC+ has agreed to boost oil production in July and August by 650k barrels…
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