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Net foreign assets post a strong recovery in September, hitting USD 20.8 bn
Commercial banks saw their net foreign assets’ surplus hit USD 9.8 bn
Fitch Ratings’ key takeaways on the Egyptian economy
The global rating agency highlighted improvement in FX reserves and contained inflation as two key positive developments
FC to issue EGP 100 bn worth of EGP-denominated bonds as early as 2025 following gov’t approval
Good afternoon, friends, and happy hump day. The news cycle seems to be winding down for the week after a…
EGP weakens against the greenback after weeks of gains
The EGP / USD exchange rate rose EGP 0.51 yesterday
S&P upgrades our sovereign credit rating for first time in seven years
The move reflects “international recognition of the country's unwavering commitment to reform and stability,” Finance Minister Ahmed Kouchouk told EnterpriseAM
Net foreign assets dip to USD 17.9 bn in August
Commercial banks saw their net foreign assets’ surplus narrowing to USD 7.3 bn in August, from USD 10.0 bn a…
Net foreign assets narrow for first time in three months
Good afternoon, friends, and congratulations on making it to the end of the week. We’re in for a hot weekend,…
CBE reveals new regulatory framework for foreign exchange bureaus to combat money laundering, other illicit activity
Bureaus have six months to comply with the new framework
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