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Budget deficit could widen to 7.8% due to covid-19 -Maait
Budget deficit could widen to 7.8% due to covid-19 -Maait: Egypt’s budget deficit could widen to 7.8% of GDP in…
First tranche of fresh IMF funding to land on Monday -report
First tranche of fresh IMF funding to land on Monday -report: The government will receive USD 2.7 bn from the…
Non-oil business activity plummets to all-time low in April as lockdown measures begin to bite
Non-oil business activity plummets to all-time low in April as lockdown measures bite: Egypt’s non-oil business activity fell at an…
Going beyond cupcakes with Nola
Laila and Adel Sedky were our guests this week on Making It, our podcast on how to create a great…
Earnings watch: CIB, Qalaa Holdings report 1Q2020 earnings
EARNINGS WATCH- CIB profits fall 9% in 1Q2020: CIB’s net profits fell 9% y-o-y to EGP 2.4 bn during the…
CBE sells almost USD 1 bn in one-year USD t-bills
The Central Bank of Egypt sold USD 975.4 mn of one-year USD-denominated treasury bills in an offering that was 1.3x…
Parliament gives preliminary thumbs-up to Banking Act
LEGISLATION WATCH- House approves proposed Banking Act “in principle”: The House of Representatives yesterday gave preliminary approval to the proposed…
UberEats exits Middle East as subsidiary Careem announces layoffs, closes bus service
UberEats exits Middle East as subsidiary Careem announces layoffs, closes bus service: Ride-hailing giant Uber’s plans for expansion in the…
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