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Egypt’s budget deficit narrows to 2.2% during 1Q of FY 2024-25
The first quarter of FY 2024-25 saw positive trends across Egypt’s budget deficit and revenues
HSBC reports strong 3Q results + plans a fresh USD 3 bn stock buyback
PLUS: Wall Street heavyweights only see one more interest rate cut by the US Fed this year
Boeing kicks off massive share sale to shore up troubled finances
The sale is one of the largest ever for a public company
Telecom Egypt secures EGP 18 bn loan
CIB, Banque Misr, and the National Bank of Egypt led the syndicate of 13 banks
Gov’t to offer private players 21 plots to set up hospitals. PLUS: News from Vantage Capital, Aleph Holding
The government wants to add 173k beds to the country’s residential capacity by 2030
Egypt is mapping out three potential routes for its IMF program adjustment
The scenarios will be presented to IMF boss Kristalina Georgieva during her Cairo visit next week
Fitch trims Mena growth to 1.8% in 2024
The agency warns that the region is entering 2025 “on shaky ground”
IMF signals openness to changing loan terms amid regional conflict pressures
IMF boss Kristalina Georgieva should land in Egypt next week
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