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THIS EVENING: Tarek Amer resigns as CBE governor + Tansik minimum grades are out
Good afternoon, wonderful people. The uncharacteristically busy August news day we spoke of this morning has only gathered steam. THE…
THIS MORNING: Negm rules out near-term EGP devaluation + Is Qatar’s wealth fund about to follow ADQ + PIF into the EGX?
Good morning, friends, and welcome to an exceptionally packed Sunday. We’re going to jump right in No imminent EGP devaluation:…
Amer to chair AfDB board of governors
The African Development Bank (AfDB) has named CBE head Tarek Amer as the new chairman of its board of governors,…
THIS MORNING: Privatization strategy unveiled this week?; PM in Abu Dhabi; A terrible 2022 for emerging markets
Good morning, wonderful people, and welcome to yet another blockbuster morning for business news. It’s a morning that we think…
Egypt negotiating “limited” IMF loan -Amer
Amer dials back expectations for large IMF package: Negotiations between Egypt and the IMF for a fresh assistance program are…
Manufacturers get a break with exemption from L/C requirements for some imports; CBE will meet with some importers to make sure they have access to FX
Production inputs and raw materials will be exempt from CBE rules handed down inFebruary that has required the vast majority…
CBE holding the line on new import rules
The Central Bank of Egypt (CBE) is not about to reverse its decision requiring importers to get letters of credit…
PM Moustafa Madbouly to chair financial stability committee + Tamer Aly becomes Valeo software development center GM
Top brass from the government and Central Bank of Egypt (CBE) will sit on a joint committee to align monetary…
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