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The weakening EGP + A foiled statue grab
Dominating the conversation on Egypt in the foreign press this morning: Yesterday’s exchange-rate volatility, which saw the EGP fall to…
Wall-to-wall EGP + imports chat
The pundits spent most of last night discussing / bemoaning the weakening EGP, with some saying that they gave up…
EGP breaks the 30 barrier against the USD before settling at 29.76
The EGP tumbled to a new all-time low against the greenback yesterday as authorities continued to transition to a fully…
THIS MORNING: Where will the EGP go next? Here are 6 questions you need to be asking today.
Good morning folks, and happy THURSDAY. It’s been a rollercoaster of a week — and it’s not over yet: We’ll…
Inflation hits new high on weaker EGP
Inflation rose to a fresh five-year high in December as the impact of successive currency devaluations continued to feed through…
THIS EVENING: EGP slips against the USD to new record + Merry Christmas, everyone
Happy THURSDAY, wonderful people. We made it through the first work week of 2023 and are being rewarded with another…
THIS MORNING: Enjoy the long weekend, folks
Good morning, wonderful people. Happy Thursday — and a very Merry Christmas to everyone celebrating this weekend. THE BIG STORY…
Importers can now turn the page on L/Cs
Moves on import curbs + privatization: Egyptian authorities removed import restrictions and approved the state ownership policy document on Thursday,…
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