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As the El Sisi administration maneuvers to curb debt, state-owned banks pile up new loans
**#3 As the El Sisi administration maneuvers to reduce debt, state-owned banks pile up new foreign-currency loans loans: The National…
External shocks have hindered Egypt’s economic growth, says Maait
**#2 Egypt’s economy would have grown much faster had it not been for external shocks including high oil prices, rising…
Preliminary data shows FX reserves rising to USD 44.42 bn at the end of August
Net FX reserves up: Preliminary data shows Egypt’s net foreign currency reserves climbing to USD 44.42 bn at the end…
EGP could lose up to 10% of its value against the USD by 2020
**#1 Is the central bank propping-up the EGP amid the ongoing emerging markets selloff? Capital Economics suggests in a report…
Egypt’s installation at the London Design Biennale 2018 won the first medal
Egypt’s installation at the London Design Biennale 2018 took home the top prize for “most outstanding overall contribution,” according to…
Police apprehend alleged extremist near US embassy for carrying flammable chemicals
Police apprehend alleged terrorist near US embassy: Police arrested yesterday a 24-year-old man (pdf) carrying what investigators believe was a…
Sherif Samy, Hesham Mekawi join Orange Egypt BoD in July
MOVES- Former FRA boss, BP’s regional boss join Orange Egypt BoD: Orange Egypt appointed former Financial Regulatory Authority head Sherif…
Did Egypt sign fuel hedging contracts with JP Morgan and Citi?
Did the gov’t sign fuel hedging contracts with JP Morgan and Citi? The Egyptian government reportedly signed fuel hedging contracts…
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