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What the markets are doing on 3 December 2020
The EGX30 fell 0.2% yesterday on turnover of EGP 1.9 bn (31.9% above the 90-day average). Foreign investors were net…
Maait promises no new taxes in fiscal update
Maait promises no new taxes in fiscal update: Egypt’s economy is expected to grow by 3.3% in the current financial…
Bond bulls return to Egypt, more than doubling foreign holdings in five months
Foreign investors are piling into Egyptian debt: Foreign inflows into Egyptian bonds have surged to more than USD 20 bn…
Foreign holdings of Egyptian t-bills continue rising in July
Foreign holdings of Egyptian t-bills continued to rebound for the second consecutive month in July, rising to USD 10.8 bn…
Consumer spending program to end 26 October
Consumer spending program to end 26 October: The consumer spending initiative launched by the government in July will come to…
Foreign holdings of Egyptian t-bills rebound in June after fourth straight month of decline
Foreign holdings of Egyptian t-bills rebounded in June following four straight months of decline, according to CBE data (pdf) released…
House of Representatives signs off on law restructuring Egyptian Endowments Authority; covid-19 financing packages
Draft law to restructure the Egyptian Endowments Authority gets preliminary sign-off: The House general assembly yesterday approved in principle a…
Foreign reserves fall for second consecutive month in April
Foreign reserves fell in April for the second consecutive month as the central bank honored repatriation requests from foreign investors,…
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