Egypt is struggling to make progress on IMF recommendations amid a dollar crunch
In many ways, it is a race against the clock, and not just the IMF clock
“At least with the Qataris, things are clear,” says one government official
While Gulf deposits have bolstered Egypt's reserves, vulnerabilities to external creditors remain
Two private banks operating in Egypt have eased strict limits on credit card withdrawals and purchases that were put in place to…
Companies dependent on foreign currency will be negatively impacted, industry figures anticipate.
Credit rating agency Capital Intelligence downgraded Egypt’s long-term sovereign debt rating from B+ to B, citing delays in implementing structural reforms recommended…
The congestion has hampered industrial activity ranging from food production to construction
Households, retailers & industries are suffering as importers & banks grapple with dollar scarcity.
Preparations are underway for a meeting between Sisi and his Qatari counterpart next week
«Growth amid inequality and corruption only ever benefits a limited number of people»
«You cannot attract foreign investors if you can't keep your local investors.»
«Of all the people in the office, Maysara was probably the most afflicted by boredom. Everyone else spent their days passionately staring at computer screens that…»
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