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In the wake of the EGP float, are universities reconsidering the cost of student exchange programs?
Study abroad programs are popular amongst Egyptian students, but prices surged in tandem with the depreciation of the EGP
Two exchange rates is a “disease that throws things out of balance,” says CBE’s Abdalla
Abdalla says the central bank didn’t intervene in the market yesterday, signaling a hands-off approach to the exchange rate
All eyes on the EGP
Good morning from Dubai, where we’re looking forward to the start of the EFG Hermes One on One in a…
Non-oil private sector remains in contraction as inflation weighs on demand, dims business confidence
Egypt’s PMI fell to a three-month low of 48.1 from 48.5 in December
IMF officials are in town for loan discussions. PLUS: Moody’s downgrades our credit outlook
Currency weakness means that even IMF support may be “insufficient” to stave off Egypt’s growing debt burden, Moody’s says
Currency crunch and supply shortages see PMI flat in December
The country’s non-oil private sector has been in contraction for 37 consecutive months
Egypt, Turkey discuss freight line, bilateral trade, and cross-border banks
Egypt wants to boost trade volumes with Turkey by 50% to USD 15 bn in the next five year
CBE loosens credit card restrictions for users abroad
The rule change comes following significant volatility in the parallel currency market that saw the EGP fall to a record…
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