CBE expected to hold interest rates today for second consecutive meeting

Good morning, friends.

We dive into a recent court success for the ERC board.

ALSO – International lenders are circling the USD 3 bn EgyptAlum-Alba alumina refinery

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It’s interest rate day: our regular interest rate poll

Veteran banking expert and former Banque Misr Deputy Chair Sahar El Damaty also anticipates a hold scenario

Still drilling down the debt

The Oil Ministry continues to pay off arrears owed to international oil c ompanies, from USD 714 mn at the end of April said by the end of June

The strategy: USD 6.2 bn in FDI risk-adjusted FDI commitments

We need every barrel. 1 bcf/d

Blank-check company OG Capital For Investments has formally landed on the EGX statement

We still don’t know who actually sits behind the SPAC our explainer

The clock starts now:

REMEMBER- These things take time. back in 2022 November 2024 a year later Qardy and Catalyst Partners

Mapping out the Alex Metro expansion

The National Authority for Tunnels has signed a EUR 1.4 mn contract with French consulting firm Systra to conduct studies for the second phase of the Abu Qir Metro in February

White Knights triumph

Zamalek c linched their 15th Egyptian Premier League crown after besting Ceramica Cleopatra in last night’s showdown loss

The cabinet has extended its mandatory work-from-home policy through to the end of June statement second consecutive

It’s several degrees cooler in Alexandria

And over the weekend

The big story abroad

We’re inc hing closer to what will be the largest IPO ever SpaceX filed publicly

The return of monetary tightening? meeting minutes showed

Meanwhile, in the tech world: announced

More on the Warner Bros. buyout: gauging investor appetite