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It’s morning again in Egypt: Sentiment can turn on a dime, and that’s what happened yesterday
Central Bank Governor Hassan Abdalla spoke for us all when he said yesterday that having two exchange rates is a…
THIS EVENING: CBE floats the EGP, goes for 600 bps rate hike
Bankers, diplomats say the float is real. CBE directs banks to start easing credit card and other foreign-exchange restrictions
Could we sign a staff-level agreement with the IMF as soon as today?
Good morning, wonderful people, and welcome to what might well be IMF Day. We have little detail to report, but…
Investors turn more bullish on Egypt’s economy as proceeds from Ras El Hekma sale enter state coffers
Egypt received USD 10 bn from Ras El Hekma sale over the weekend in addition to USD 520 mn from…
Devaluation unlikely to be inflationary, says Goldman Sachs
Officials told Goldman Sachs that they expect an IMF agreement to be announced “in the coming days”
Ras El Hekma transaction not linked to IMF loan discussions, says IMF official
The announcement of the Ras El Hekma agreement indicates that both the Fund and the UAE have “a greater confidence”…
Egypt, IMF make “excellent progress” on first, second loan reviews
The IMF and Egyptian authorities have agreed on the main elements of the program
Officials jump on the airwaves to reject refugee camp rumors
“What Egypt is currently working on is constructing a logistics hub that will ease the movement of aid into Gaza,”…
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