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Fresh exemptions from filing L/Cs for some imports + central bank exempts some foodstuffs from cash cover for another year
No L/Cs required for operational imports: Some goods imported by companies and organizations for their own use — as opposed…
Russia says western arms shipments to Ukraine are legit targets; US to send more arms
Russia has warned that it could strike western arms shipments, potentially drawing Moscow and Nato closer to armed confrontation, the…
THIS EVENING: Annual urban inflation rose to highest since mid-2019 + Trade Ministry bans exports of key food commodities + Hopes for Russia-Ukraine ceasefire dashed
Happy Thursday, wonderful people. We hope the howling winds and thoroughly brown view from our windows aren’t putting too much…
CBE issues updates to its L/Cs FAQ sheet
CBE issues updates clarifying new import rules: The central bank on Thursday issued updates (pdf) to its responses to importers’…
THIS EVENING: Non-oil business activity contraction slows down despite inflation concerns + CBE issues updates to L/Cs FAQ sheet + 20k Ukrainian tourists stranded in Egypt
We’ve got a pretty hefty day of news to close out a very busy week, ladies and gentlemen. And while…
The case for investing in EM economies has “rarely been weaker,” argues the FT
With EM economies facing slowing growth, soaring debt, and imminent US interest rate hikes, the case for investing in them…
Closer trade ties with Hungary + We’ve registered our opposition to GERD with the UN Security Council (again)
A boost to Egyptian-Hungarian trade + investment relations: Egypt and Hungary will form a joint committee to encourage trade and…
More clarity from CBE on new import rules
The Central Bank of Egypt has responded in a document to queries from importers on its recently issued rules requiring…
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