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THIS MORNING: It’s PMI day + Abdalla, cabinet are working on monetary and fiscal policy as IMF talks continue
Good morning, nice people. The last weekend of summer is now behind us (almost-officially in the US and Canada, where…
CBE lifts restrictions on cash deposits + raises ceiling on withdrawals
You can now deposit + withdraw more cash from your bank account: The Central Bank of Egypt (CBE) has raised…
Saudi regulator approves STC takeover of Giza Systems
Giza Systems is one step closer to being Saudi-owned: Saudi Arabia’s competition watchdog has given the greenlight to Saudi Telecom’s…
Here’s what qualifies as a strategic project
Cabinet lays out criteria for strategic + national projects: Projects in electricity and renewable energy, petroleum, mineral resources, transport, CIT,…
The EGX can now hit Ctrl-Z on suspect trades
The EGX just got an “undo” button on suspicious bourse trades: The Financial Regulatory Authority (FRA) has approved a proposal…
THIS MORNING: More details on the govt’s electricity rationing strategy coming + Car dealers are facing prosecution for failing to deliver cars
Hello, everyone. We’re feeling more than a bit muted this morning after a fire yesterday at a church in Imbaba…
Cement producers welcome another year of production quotas — and a slow ramp up of market supply
Cement production quotas are sticking around for another year: The Egyptian Competition Authority (ECA) has heeded cement companies’ calls to…
NTRA cracking down on grey-market mobile devices
Owning a mobile device that hasn’t been approved for use by regulators could soon land you five years in prison…
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