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Arm scales back IPO
But it’s still on course to be the world’s biggest IPO this year
Shoukry talks regional issues with US Secretary of State Blinken
Plus: Conversations about water security with the World Bank and tourism with the South Korea’s ambassador to Egypt
Remittances poised for small rebound this year
Remittances into Egypt fell 10% last year due to exchange rate uncertainty
IFC to advise gov’t on state privatization program
The IFC plans to double its commitment to Egypt for the next year
World Bank cuts Egypt growth outlook
The lender expects the economy to remain flat at 4.0% next year before rising to 4.7% in 24-25
19 ministries are moving to the new capital next week
The number of gov’t bodies working at the NAC will jump to 33 next week
THIS MORNING: Privatization program could pick up after Eid -reports. PLUS: EgyptAir reschedules flights thanks to daylight saving time
Suitor for United Bank sale reportedly set to be chosen right after Eid
There’s a lot going on in the neighborhood
Signs are Syria is coming back into the Arab fold
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