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KSA rolls over its USD 5 bn CBE deposit
Saudi Arabia is extending by one year its USD 5 bn deposit at the Central Bank of Egypt (CBE), state-run…
THIS MORNING: It’s finally here + You now need to pay for your blue tick on Twitter
Good morning, friends, and welcome to day one of COP27 as the eyes of the world swivel to Sharm El…
THIS MORNING: Customs exchange rate hiked + Egypt-ICF enters its second day
Good morning, wonderful people, and happy Thursday. We hope you’re looking forward to the first weekend of the post-Sahel season.…
Bloomberg beats the drum (hard) on the need for devaluation
“Default jitters stalk Egypt, sending traders on a wild ride.” That’s the headline this morning atop the latest from Bloomberg,…
Reserves in emerging markets are falling at the quickest rate since 2008
More warnings of a wave of EM debt defaults: Developing and emerging nations’ foreign reserves dropped USD 379 bn in…
Egypt could opt for soft EGP devaluation to stave off inflation -Moody’s
Moody’s is the latest to speculate on the fate of the EGP: Egyptian policymakers will likely choose to maintain a…
Egypt could turn to Emirati lenders for up to USD 2.5 bn in financing
Egypt is in talks with regional and international banks to borrow USD 2.5 bn amid mounting economic headwinds, Bloombergreported, citing…
Electricity rationing went into effect yesterday across Egypt. Here’s what we know so far.
Here’s how the gov’t hopes to ration the nation’s electricity: Cabinet has approved measures announced byPrime Minister Moustafa Madbouly last…
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