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CBE introduces new anti-money laundering rules for better cash flow monitoring
Banks will have a six-month window to implement the new measures
SMEs scramble to pay suppliers as credit card limits bite
From early-stage startups to agencies and professional services firms, it’s a slog to find ways of paying Google, Microsoft, and…
Got a new credit card this morning? You can’t use it for FX purchases for six months.
The move comes in response to a recent surge in credit card issuances
Bad news in the Red Sea
Egypt faces mns in lost FX receipts — and businesses and consumers around the world will stare at spiraling prices
Industry players had hopes of a good year in 2023, but challenges remained
The year saw some gov’t initiatives amid difficult macroeconomic conditions
CBE to keep interest rates steady -poll
Seven out of nine analysts expect the CBE to keep rates steady
Real estate players chime in with proposals for the real-estate-for-FX scheme
Real estate players have come up with a host of proposals and incentives designed to attract expats and foreigners towards…
Aton Resources to start producing gold in Egypt in 2025. PLUS: FX crunch hits Ezz Steel
Aton has struck gold in its Marawat concession in the Eastern Desert, where it has been prospecting since 2010
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