Mirette Magdy

Egypt is in advanced talks to sell the government's remaining stake in Alex Bank to Intesa Sanpaolo SpA , in what would be the North African nation's first major asset sale since devaluing its currency in March.

Egypt will offer a stake in state-held United Bank, the central bank said in a statement Sunday, as the government pushes ahead with a public asset sale program that’s part of an effort to bring in foreign investors.

(Bloomberg) -- Egypt will offer a stake in state-held United Bank on the Egyptian stock market, the central bank said Sunday, as the government pushes ahead with a public asset sale program that's part of an effort to bring in foreign investors.

(Bloomberg) -- Egypt is stepping up efforts to rejoin a key JPMorgan Chase & Co. bond index that's tracked by more than $200 billion worth of emerging-market funds, according to people familiar with the matter.

(Bloomberg) -- The relative strength of Turkey's lira may be holding back major portfolio inflows even after a landmark shift to orthodox monetary policies that was cheered by investors, according to a senior Citigroup Inc. official.

(Bloomberg) -- Egyptian inflation quickened slightly for a second month on a sharp hike in energy costs, potentially pushing back the timing of the North African nation's first interest-rate cut since 2020.

Egypt looks set to wait until next year to make its first interest-rate cut since 2020 as it grapples with an unexpected quickening in inflation and fears of a wider conflict in the Middle East.