The CBE issued T-bills at a combined value of EGP 21.50 billion through two offerings
The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a combined value of EGP 21.50 billion through two offerings. With a 91-day…
Weak Service PMIs question the strength of the U.S. economy
Ghazl El Mahalla IPO still fails to reel in retail investor interest
Ghazl El Mahalla IPO still fails to reel in retail investor interest. Ghazl El-Mahalla Football Company failed to reach the secondary market in the…
Azzam and Abdul Rahman are deputy chairmen of the Financial Supervisory Authority
Azzam and Abdul Rahman are deputy chairmen of the Financial Supervisory Authority. Prime Minister Dr. Mostafa Madbouly issued a decision appointing Dr. Islam Azzam…
The Central Bank of Egypt “monitors importers” demand for the dollar until June 2023
The Central Bank of Egypt” monitors importers’ demand for the dollar until June 2023. With the aim of determining the expected volume of demand…
No tax deduction or refund except for electronic invoices only as of April 1, 2023
No tax deduction or refund except for electronic invoices only as of April 1, 2023. Dr. Mohamed Maait, Minister of Finance, confirmed that all…
Egypt may choose gradual currency devaluation
Egypt may choose gradual currency devaluation. Monetary policy makers in Egypt are expected to opt for a gradual devaluation of the EGP instead of…
A relatively quiet late summer week in global markets. The July FOMC minutes released mid-week offered a balanced tone.
El-Sisi welcomes Emirati President at El Alamein airport
El-Sisi welcomes Emirati President at El Alamein airport. Egyptian President Abdel Fattah El-Sisi has welcomed President of the UAE Mohamed bin Zayed bin Sultan…
Hassan Abdullah Acting Governor of the Central Bank of Egypt
Hassan Abdullah Acting Governor of the Central Bank of Egypt. President Sisi issued a decision appointing Hassan Abdullah as acting governor of the Central…
