MPC Watch| CBE is to keep rates unchanged since inflation rates are still within the target, real interest rates are still attractive, and there is no urge to jump to rate hikes which are costly to the economy

The annual core inflation rate, which excludes volatile and regulated items, rose to 5.8% last November, compared to 5.2% in October 2021

MoF raised USD3 billion loan in green and Sharia-compliant financing

The trade balance deficit declined by 22.5% YoY in September reaching USD2.39 billion; Exports increased by 36.6% YoY, while imports increased by 3.2%

EFID is due to wrap up due diligence on its acquisition of Ole brand-owner, The Egyptian Belgian Company, on 15 December

DSCW has secured FRA approval for increasing the company’s paid-in capital from EGP106 million to EGP371 million through issuing 1.325 billion shares

CI Capital’s bid to acquire 26.2% of CLHO by FRA; Offer subscription period has been set for December 13-22

Patients of IDHC’s AlMokhtabar can now access medical advice from startup Estshara

CBE preparing to launch an initiative to settle the debts owed by 260,000 distressed retail banking clients; Maximum debt cancellation will be for EGP100,000 per customer