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
2023-08-02 16:50
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
2023-07-26 19:28
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
2023-07-16 21:25
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
2023-07-10 13:55
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
2023-07-09 16:27
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
2023-06-23 16:24
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
2023-06-10 14:28
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.
2023-06-06 16:53
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
2023-05-23 15:20
Egyptian Pound Devaluation Bets Ease as Citi Sees No Short-Term Move
Traders are pushing back expectations for a devaluation in the Egyptian pound, with Citigroup Inc. predicting that the
2023-05-11 15:56
Liechtenstein Royals’ Fund Looks Beyond Emerging Markets to Exotic Frontier
The $85 billion firm owned by Liechtenstein’s royal family is sending its cash well off the beaten path
2023-05-10 23:26
Egypt’s Distressed Bonds Fall on Threat of Moody’s Downgrade
Egypt’s dollar bonds sank deeper into distress after Moody’s Investors Service placed the North African nation’s ratings on
2023-05-10 18:54