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Morgan Stanley cuts Egypt growth outlook
Analysts expect authorities to devalue the currency again in September or October
More oil and gas exploration in the Med and Gulf of Suez
ExxonMobil, Kufpec and Pico Energy will partner with state energy firms to explore for hydrocarbons
Last Night’s Talk Shows: New USD CDs + the ongoing heatwave
NBE and Banque Misr launch new USD certificates of deposit
The economy grew 4.2% in FY 2022-23, preliminary figures show
Growth is expected to remain at 4.2% this year, according to a Reuters poll
The government wants to relax foreign ownership rules on real estate to raise FX
The move is part of a raft of decisions recently approved by the government’s new investment council
We’ve got USD 1.9 bn in hand from state asset sales — now what?
Egypt has another USD 1 bn worth of sales coming soon — and is restocking its transaction pipeline, Madbouly says
Flexible exchange rate is key to getting out of our bottleneck, IIF says
Delayed IMF program, high debt levels, twin deficits and rising net foreign liabilities weighing on nation’s finances
Eastern Company cancels heated tobacco investment to conserve FX
Eastern is saving its hard currency to produce cigarettes amid the FX crunch
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