Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Logistics (MENA) 
Investors turn more bullish on Egypt’s economy as proceeds from Ras El Hekma sale enter state coffers
Egypt received USD 10 bn from Ras El Hekma sale over the weekend in addition to USD 520 mn from…
Is now the right time for a devaluation?
Good morning, friends. The question on our community’s hive mind this morning: Is today the day that the Central Bank…
Devaluation unlikely to be inflationary, says Goldman Sachs
Officials told Goldman Sachs that they expect an IMF agreement to be announced “in the coming days”
Ras El Hekma transaction not linked to IMF loan discussions, says IMF official
The announcement of the Ras El Hekma agreement indicates that both the Fund and the UAE have “a greater confidence”…
EGP strengthens on parallel and derivatives markets
Twelve-month NDFs saw the USD-EGP rate decline 11.5% throughout the day to 57.5 after the news of the ADQ sale…
How will we use the cash? Clearing the backlog, paying foreign partners top the list
Brace for a “modest” devaluation — if the IMF facility comes through, policymakers will have four years of runway when…
ADQ acquires development rights to Ras El Hekma for USD 24 bn, will invest a further USD 11 bn in “real estate and other prime projects”
Ras El Hekma will be transformed into a “next-generation city,” housing tourism, urban, commercial, and recreational spaces
More speculation on the EGP devaluation
Bloomberg’s two cents on Egypt’s anticipated currency devaluation: The news outlet sees the central bank devaluing the EGP before the…
Something went wrong. Please refresh the page and/or try again.