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Remittances to Egypt to rise 2.5% this year- World Bank
Remittances from Egyptians abroad are set to rise 2.5% this year, climbing to USD 32.3 bn from USD 31.5 bn…
KSA rolls over its USD 5 bn CBE deposit
Saudi Arabia is extending by one year its USD 5 bn deposit at the Central Bank of Egypt (CBE), state-run…
Exchanging currencies and commodities
No single story is driving the conversation on Egypt in the international press this morning: Investors and analysts are expecting…
Economy grew 4.4% y-o-y in the first quarter of 2022 despite global headwinds
Egypt’s economy grew 4.4% y-o-y in 1Q FY 2022-2023, according to preliminary data from the Planning Ministry. GDP growth in…
Plenty of options on the table
CBE looks at proposals to help shore up FX liquidity: The Central Bank of Egypt (CBE) is mulling a handful…
Some 60% of Egyptian adults have access to the financial system
The CBE’s financial inclusion drive, in numbers: Egypt’s financial inclusion rate — the percentage of citizens above the age of…
Egypt in the News: Our economy “not out of the woods” yet, says Reuters
Reuters is reporting that our economy is still in choppy waters even after reaching an agreement with the IMF for…
EGP most vulnerable EM currency, says Nomura
The EGP might not be out of the woods yet: Japanese bank Nomura thinks that Egypt is the most vulnerable…
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