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Ending the year on a big note
CBE drives home jumbo 300 bps rate hike: The Central Bank of Egypt raised interest rates by 300 bps on…
Private-sector contraction deepens following EGP devaluation
Private sector activity takes a hit following devaluation: The contraction in Egypt’s private sector deepened in November as the depreciation…
Fitch cuts outlook on Egypt to negative, affirms B+ rating
Fitch Ratings has cut its outlook on Egyptian debt from “stable” to “negative” due to “deterioration” in the country’s external…
The talking heads are still talking about taweem 3.0. Plus: 112 = 911 in Egypt
The post-EGP float economy continued to dominate the conversation on the airwaves last night, with the nation’s talking heads continuing…
Senate gives final nod to amendments that could see contractors compensated for suffering losses in Deval 2.0
Good news for government contractors: Senators yesterday approved legal amendments that would allow contractors who have suffered losses because of…
ICYMI: Taweem 3.0, IMF loan, rate hike, and more
What the [redacted] happened on Thursday? The Central Bank of Egypt (CBE) at the end of last week went ahead…
It could take another month or two to finalize IMF support -Maait
Talks for an IMF facility could wrap in another month or two, Finance Minister Mohamed Maait told Bloomberg (watch, runtime:…
The return of foreign money rests on outcome of IMF talks, devaluation plans, Bloomberg says
Still more from Bloomberg on our FX challenges: Protracted negotiations with the IMF over a new loan and risk of…
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