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Egypt’s net foreign asset deficit continues to narrow in April for third consecutive month
The net foreign asset deficit has narrowed 87% since reaching an all-time high of USD 29.0 bn in January
CBE to leave interest rates unchanged on Thursday -poll
All 11 of the analysts and economists we surveyed expect the MPC to hold rates steady
NBE raises limits on FX transactions
NBE credit card holders will now have a monthly FX spending cap of the equivalent of EGP 5-60k
Post-float return of FX liquidity persuades MSCI to remove special treatment measures for Egyptian stocks
Changes will take effect after May 31
Cabinet approves USD 88 mn auto cables plants, ATIDI membership, fresh foreign assistance
The factory will earmark a sizable portion of its output — made using 60% locally-sourced materials — to exports
Egypt’s net foreign asset deficit narrows in March following rise in FX reserves
The CBE’s net foreign asset deficit narrowed to its lowest levels in over two years
FX to be made available to all importers starting May following planned central bank liquidity injection
Banks will issue USD letters of credit to importers at the start of June, a source told us
How can Egypt boost real estate exports efforts?
Encouraging more int’l companies to open HQs in Egypt and attracting real estate funds could boost real estate exports
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