Amazon is telling clients to move services out of the Middle East for now
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Few silver linings in February PMI as Egyptian private sector contraction accelerates
One bright spot was construction, which was marked as the only sector to report an increase in new orders
Citizen Bonds’ EGP 2 bn first week debut shows banks may have to raise rates to keep depositor base
While Citizen Bonds may pose a challenge to banks, gold’s appeal will remain unaffected
Egypt ups Jordan power exports despite domestic energy squeeze
In the longer term, feasibility studies are underway to expand interconnection capacity by an additional 250 kWh
Energy spike rekindles inflation fears, prompting bond rout
Global bonds slid 0.8%, their worst day since May, as Brent and gas prices jumped on Hormuz disruption fears
2026 MARCH 10 March (Tuesday): Capmas expected to release inflation data for February 15 March (Sunday): IMF to hold its seventh review of Egypt’s USD 8 bn EFF arrangement. 21 March: (Saturday): Eid El Fitr starts (TBC). 30 March - 1 April (Monday-Wednesday): Egypt International Energy Conference and Exhibition (EGYPES). APRIL 2 April (Thursday): Monetary […]
EGP steadies following USD 2.3 bn IMF inflow
Good afternoon, friends. It’s another busy day in the press, and the news cycle isn’t showing any signs of slowing down. At home, we’re taking a look at how the EGP is faring. THE BIG STORY TODAY- 📍 The EGP held steady in midday sessions following several days of steep losses after Egypt received a […]