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THIS EVENING: Egyptian expats can now subscribe to a USD pension plan in Egypt
Good afternoon, friends, and happy Monday. We got off to a rather slow start in the news cycle today, but…
Updates on the car import scheme + plans to draw FX through real estate sales
A number of laws aimed at encouraging foreign ownership of real estate will soon head to the cabinet
What the pundits are saying about our economy this morning, from expectations of devaluation to a possible Moody’s downgrade
Moody’s is watching the reform program closely, while Citigroup is turning bearish on our USD bonds
Inflation hits new record high in July, but cools slightly month-on-month
Food prices were almost 70% higher compared with a year ago
THIS MORNING: July inflation data set for release today
A Reuters poll is predicting another record month for price hikes
Net foreign assets deficit widens to most on record in June
Net liabilities in the banking system widened by USD 2.6 bn during the month
Al Amal to temporarily shutter BYD assembly plant on FX shortage
Al Amal has cut production by more than half over the past year, could look to resume assembly of Lada…
CBE to keep rates unchanged on Thursday -poll
All seven analysts expect policymakers to hold rates for a third consecutive meeting
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