Hassan Abdalla reappointed as acting CBE governor for fifth consecutive year
· Egyptian market news
Good morning, friends.
Leading today’s issue:
We also have fresh signs of where the local auto market is — and isn’t — finding momentum.
AND- Egyptian contractors are getting ready to test the waters in Syria’s reconstruction push
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CBE governor stays on
Hassan Abdalla will lead the Central Bank of Egypt (CBE) for a fifth consecutive one-year mandate. Federation of Egyptian Banks
The mandate covers what is arguably the most difficult phase of Abdalla’s tenure.
The regulatory framework for the New Capital’s financial district could move closer to passage in the coming parliamentary session
Why it matters: proposed bill
ACUD’s IPO remains on the table: deferred to 2025 a 1-5% offering
The operating model is also under review: statement
Not a new conversation: July 2024
Back to the pricing table
Medical-supply prices are back under review after the Unified Procurement Authority (UPA) agreed to examine requested adjustments for certain products
Have prices changed?
REMEMBER- earlier this month EGP 14 bn first payment had pledged last year to pay
Al Baraka Bank Egypt’s mandatory tender offer (MTO) for AT Lease (FKA Al Tawfeek Leasing) will take effect during today’s stock market session Al Borsa
The latest: until yesterday
#1- It’s almost interest-rate decision time again: keeping rates unchanged annual urban inflation late July
#2- Tomorrow is the last day for companies to pull the tender documents for the Industrial Development Authority’s eight new billet-production licenses opened last week
#1- A long weekend is coming our way: statement
It’s a couple of degrees cooler in Alexandria
The big story abroad
In the absence of a major development in the regional war
A bond yield problem: surging
Ottawa in the tariff target: mulling
And in the AI world: set to rise
*** It’s Hardhat day — your weekly briefing of all things infrastructure in Egypt: