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Signs of recession are mounting
A slowdown in business activity in the world’s major economies is flashing warning signs for the global economy: Most of…
Remittances hit all-time high in FY2021-2022, driven by high oil prices and CDs
Remittances hit a record high for the second year running in FY 2021-2022, rising 1.6% y-o-y to USD 31.9 bn,…
THIS EVENING: Remittances are at a record high again + Eurozone activity slipped in August — and the EUR isn’t taking it well
Good afternoon, friends. Today is hump day — not yesterday, as we (however wishfully) declared it. It’s not a particularly…
IMF talks in “final stages,” says Madbouly
Egypt and the IMF are in the “final stages” of talks for a fresh facility to help shore up the…
Egypt could opt for soft EGP devaluation to stave off inflation -Moody’s
Moody’s is the latest to speculate on the fate of the EGP: Egyptian policymakers will likely choose to maintain a…
CBE holds rates steady following Amer resignation
The Central Bank of Egypt (CBE) left interest rates on hold on Thursday, hours after Hassan Abdalla was appointed governor…
Egypt’s newest ex-CBE governor is dominating the international news coverage on Egypt
Type ‘Egypt’ into the global news site of your choice this morning and there’s a good chance you’re going to…
Foreign exchange policy will be job #1 for Amer’s successor as calls for devaluation mount
Tarek Amer left the central bank at a crucial time for the economy: A perfect storm of heightened commodity prices,…
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