Today’s Top News & Analysis
Net foreign assets (NFA) at the Egyptian banking system fell down further by EGP65bn to negative EGP370bn in June 2022 for the ninth consecutive month. (CBE)
Misr Insurance is targeting investments of EGP133.5bn before end of this year. (Economy Plus)
Remittances from Egyptians living abroad recorded USD29.1bn in 11M FY22 (+2.1% y/y) vs. USD28.5bn a year earlier. (Al-Mal)
The Minister of Finance said the amount of borrowing that Egypt expects to get from the IMF is less than USD15bn. (TV Interview)
Metro and train fare hikes will likely be implemented later this month. (Enterprise)