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S&P upgrades Egypt’s credit outlook to positive
S&P also affirmed its B-/B rating for Egypt’s long- and short-term foreign and local currency sovereign credit.
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
Foreign investors are loving Egypt post float
The CBE raised EGP 217.9 bn-worth of one-year t-bills and EGP 46.8 bn-worth of six-month t-bills on Thursday
THIS EVENING: EGP strengthens against the USD to below EGP 48 / USD 1
Good afternoon, ladies and gentlemen, and happy Thursday. We’re wrapping up the first workweek of Ramadan on a slightly calmer…
FX inflows, outflows inch closer to normalcy
Float spurs influx of FX sales at the country’s biggest FX bureaus
Industry players are breathing a sigh of relief after the EGP float
But the higher interest rate environment is cause for concern for some
Gov’t ramps up efforts to clear import backlog following currency float
USD 12 bn of goods have been released since the start of 2024
Banks trade USD 1.9 bn in two days
The EGP lost almost 37% of its value against the greenback after the float
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