Record Egypt Inflation Quickens Again as Pound Devaluation Looms
Egyptian inflation accelerated to another record high, with a new surge in food costs heaping more pressures on
1970-01-01 08:00
Egypt Surprises With Rate Hike Even as Devaluation Delayed
Egypt unexpectedly resumed its cycle of monetary tightening, seeking to tame inflation that’s running at an all-time high.
1970-01-01 08:00
Egypt Looks Beyond Rate Hike to Cool Record Inflation
Not even record inflation looks likely to spur Egypt’s first interest-rate hike since March, with policymakers seen raiding
1970-01-01 08:00
Egypt Currency Squeeze Sinks Bank Foreign Buffers to New Low
Net foreign assets held by Egypt’s commercial banks went into a record deficit in June, as a lack
1970-01-01 08:00
Egypt Tries to Coax Dollars Back With Higher Savings Returns
Egypt’s biggest state-owned lenders are dangling higher returns on dollar-denominated certificates of deposit to foreigners and locals, in
1970-01-01 08:00
Window Opens for Frozen High-Yield Emerging-Market Dollar Deals
The waiting game for some of the riskier emerging-market borrowers is coming to an end. With higher interest
1970-01-01 08:00
Egypt’s Inflation Soars to Record as Food Drives Surge Past 35%
Consumer prices in Egypt soared at a record pace, a reflection of pressures on food costs after the
1970-01-01 08:00
Top Egypt Bank Gets $250 Million in Loans With Eye on Green Work
Commercial International Bank SAE, Egypt’s largest private bank, secured $250 million in loans from the World Bank’s International
1970-01-01 08:00
Egypt’s Devaluation Timeline Sets Back Clock for More Rate Hikes
Egypt looked past a pick-up in inflation to keep interest rates unchanged for a second month, with the
1970-01-01 08:00
Egypt’s Inflation Accelerates Anew to Stay Above 30%
Egyptian inflation accelerated after a monthlong respite, as a round of price increases by authorities fans pressures already
1970-01-01 08:00
Egypt Distressed Bonds Attract Yield Hunters on Asset-Sale Bets
Investors are looking anew at Egypt’s bonds after signs of progress in its plans to sell state assets.
1970-01-01 08:00
Egypt Races to Solve Currency Dilemma in Hunt for Gulf, IMF Cash
What comes first, another currency devaluation or a wave of Gulf investment? Cash-strapped Egypt is racing to resolve
1970-01-01 08:00