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Money laundering amendments earn preliminary approval in the House
MPs gave preliminary approval to proposed amendments to the Anti-Money Laundering Act yesterday, Ahram Gate reported. The changes would create…
Banking and rail news aplenty + Edita is looking at microfinance
There’s plenty of banking news: The Central Bank of Egypt has joined the global Network forGreening the Financial System (NGFS),…
Rate hikes leave gov’t with at least EGP 6 bn in unexpected debt costs
FinMin needs at least another EGP 6 bn for debt repayments: The House Budget Committee has approved legislative amendments that…
Tuk-tuk replacement still undecided + ABB to open train component plant in Egypt
The Madbouly government is in talks with an international automaker to produce vehicles to replace tuk-tuks, Public Enterprises Minister Hisham…
Are NFTs really booming — or are traders having us on?
All is not quite as it seems in the pixelated, unregulated world of NFTs: “Irregular sales” on nonfungible token (NFT)…
Erdogan's FX troubles get worse
Erdogan can’t pry Turkish investors from their greenbacks: Turkish government efforts to drive support for the TRY are doing little…
The lockdown has been good to money launderers
Money laundering has flourished during the covid-19 pandemic: While the pandemic has put a dent on much business activity worldwide,…
What we’re tracking on 21 February 2021
Good morning, everyone, and welcome to the final workweek of February. Thank you, once more, for the honour of writing…
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