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New rules making it easier for foreigners to acquire citizenship approved by MPs
Foreigners can now obtain citizenship by investing USD 300k in Egypt.
THIS MORNING: Rainclouds brewing in the global economy + over Cairo.
Cairo could see more rain after last night’s showers
THIS MORNING: Savers pour EGP 41 bn into Banque Misr’s new CDs + Net foreign liabilities deepened in February
And the Donald pleads “not guilty”
“Fake weather news” bill making its way through the House
Committee claims the bill could prevent the loss of “bns of USD”
THIS MORNING: CBE makes first rate hike of 2023 — but no further EGP deval yet
It’s a brand new month in a brand new quarter
One step closer to daylight saving time. PLUS: New hotels, Shalateen gold production, Dina Farms investment plans
Bill aimed at reducing energy consumption and raising nat gas exports, gov’t says
Gov’t to increase borrowing as MPs approve wage, pension hikes
Gov’t to borrow EGP 85 bn to meet debt servicing costs in 4Q 2022-2023
Wage, pension hikes given initial House approval amid criticism
Ministers not doing enough in inflation fight, say pro-govt and opposition MPs
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