• Sunday, 5 July 2020

    CIB gets USD 100 mn in tier 2 capital from UK investment group CDC

    DEBT WATCH- UK’s CDC provides CIB with USD 100 mn in tier 2 capital: Leading private sector bank CIB has received USD 100 mn in tier 2 capital under a financing agreement with UK government’s development finance arm, CDC Group,...
  • Thursday, 25 June 2020

    IMF forecasts deeper recession, slower recovery as virus fears linger

    YOUR DAILY DOSE OF GLOOM- IMF forecasts deeper global recession, slower recovery as virus fears linger: The global economy will suffer a deeper recession than previously expected as the pandemic continues to intensify in some parts of the world, and...
  • Wednesday, 10 June 2020

    What we’re tracking on 10 June 2020

    We could know more as early as this afternoon about when the Madbouly government plans to reopen airspace to regular commercial flights. Cabinet’s covid-19 committee said last week that it would review today the schedule on which it would ease...
  • Thursday, 4 June 2020

    What we’re tracking on 4 June 2020

    We have a little bit of good news this morning for a change. Okay, okay, some of it only qualifies as neutral, but given the circumstances we’ll take it: The covid-19 new case and death counts are down this morning....
  • Tuesday, 2 June 2020

    What we’re tracking on 2 June 2020

    We don’t remember the last time we were this happy it was “hump day,” as we around here think of Tuesday — get over it, and it’s a downhill slide into the weekend. Perhaps it’s the “jetlag” from Eid —...
  • Wednesday, 22 April 2020

    What we’re tracking on 22 April 2020

    Good morning, friends. We hope this shortened workweek is treating you well as we hurtle along this news rollercoaster known as 2020. We’re really starting to wish we had sided with the people who argued 2020 was the last year...
  • Monday, 13 April 2020

    Alexandria Medical Services is unaffected by NMC investigation, says CEO

    Alexandria Medical Services unaffected by NMC fiasco -CEO: Alexandria for Medical Services CEO Alaa Abdel Meguid is trying to distance the company from its embattled chairman and majority shareholder BR Shetty, whose Emirati company NMC Health is now in administration...
  • Sunday, 5 April 2020

    What we’re tracking on 5 April 2020

    The Central Bank of Egypt left interest rates unchanged on Thursday after delivering an emergency 300 bps cut last month to contain the fallout from the covid-19 pandemic. The Monetary Policy Committee’s Thursday decision was in line with expectations from...
  • Sunday, 8 March 2020

    What we’re tracking on 8 March 2020

    Egypt has 48 confirmed covid-19 cases, the Health Ministry confirmed over the weekend, 45 of them passengers and crew on a Nile cruise. Hotels nationwide have been briefed on procedures for staff and guests in the event they think they...

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