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Alhokair unit could invest up to USD 1.5 bn here next year
Other participating companies could make announcements today
Fitch cuts bank credit ratings following sovereign downgrade
Fitch, S&P and Moody’s have all downgraded Egypt’s sovereign rating over the past month due to rising debt concerns
InstaPay could offer remittances from UAE, Jordan, KSA next year
The plan is the latest in a string of measures taken by the government to drum up hard currency in…
THIS EVENING: Google gives us two-months of breathing space on payments + Instapay to let users send money to UAE, Jordan and KSA next year + Fawry has not been the victim of ransomware
Hello, wonderful people. We hope Sunday has been good to you. We have an FX-heavy issue for you as the…
A case for optimism on the EGP
Some USD 8 bn could be raised in the coming months via asset sales, liabilities agreements, and government initiatives
Egyptian stocks, gold hit record highs on currency fears
We love the smell of optimism in the morning. Yes, there’s a risk that we just let our inner Pollyanna…
Debt news from Tatweer Misr + Raya. Plus: Expat car-for-FX initiative registers 100k in first week, Tantawy on trial
The AAIB is extending an EGP 3.5 bn facility to Tatweer Misr
Our FX reserves inched up in October
An additional USD 132 mn was added to our FX stockpiles
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