COMMENTS: The SME bank loans is a growing problem in Egypt. The Egyptian central bank has now addressed it via an initiative to forgive the accrued Continue reading “Egyptian Central Bank Helps SME’s”
Tag: Egypt
Inflation in Egypt
COMMENTS: Inflation was expected in Egypt after the IMF induced austerity measures of 2016 that included floating the Egyptian pound, raising taxes and reduction subsidies. The June 2018 figures indicate that “urban consumer” inflation rose to 14.4% from 11.4% Continue reading “Inflation in Egypt”
US Policy Swing – Egypt?
DAILY BASKET – NEWS COMMENTARY
US Policy Swing – Egypt?
MARSAL COMMENTS: It was almost common knowledge, that the US policy (under Obama & Hillary Clinton) encouraged if not instigated the downfall of Mubarak of Egypt and the election/installing of Mursi as president. And Continue reading “US Policy Swing – Egypt?”
Egypt and Russian Arm Wrestling Over Wheat?
DAILY BASKET – NEWS COMMENTARY
Egypt and Russian Arm Wrestling Over Wheat?
MARSAL COMMENTS: Egypt recently rejected a Russian Wheat shipment, then forbade the unloading of another. To-date, it has stopped seven shipments, claiming problems with wheat specs. Accordingly, it is changing the rules for import. Continue reading “Egypt and Russian Arm Wrestling Over Wheat?”
Egyptian Devaluation – For Better or Worse?
Egyptian Devaluation – For Better or Worse?
At last, Egypt devalued its Pound. It has been expected for a long time, and the longer it was delayed, the more damage would the rampant black market have caused.
There is no devaluation without pain. But, if pain leads to eventual recovery, then, as medicine, it must be taken with courage and perseverance – the alternative would be a lot worse. Continue reading “Egyptian Devaluation – For Better or Worse?”