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Net foreign assets bounce back to record USD 14.7 bn in May
Commercial banks’ net foreign assets surge to highest level since February 2021
EGP rebounded against the USD following Trump’s announcement of a ceasefire between Israel and Iran
Good morning, folks. This shorter-than-usual workweed has nearly come to an end, but in these short four days we’ve had…
Remittances rise 39.0% y-o-y in April to USD 3.0 bn
This marks 14 consecutive months of y-o-y remittance growth
EGP weakens against the USD as interbank transactions jump on foreign exits
Good morning, folks. In a very welcome distraction from recent geopolitical events that have been keeping us up at night,…
EGP strengthens against the greenback for second day, following Sunday rout
Good morning, all. We’re nearing the end of the week and the news cycle shows few signs of slowing down,…
EGP bounces back against the greenback as panic among foreign investors subsides
Markets were less reactive despite continued Israel-Iran escalations overnight
EGP and EGX see sharp declines on the back of regional escalations
Good afternoon, all and welcome to the start of another workweek. The newscycle remains dominated by the ongoing escalations between…
What could the escalations between Israel and Iran mean for us?
Analysts see potential pressure on exchange rate, inflation, and monetary policy
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