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Egypt's current account deficit widens 225% y-o-y in 9M FY 2023-24
Strong FDI inflows and a shift to portfolio investment inflows help boost overall BoP surplus
Foreign reserves hit a fresh high in June
Fitch Ratings expects Egypt’s foreign currency reserves to reach USD 49.7 bn in the current fiscal year
THIS EVENING: FX reserves peak to USD 46.4 bn
Good afternoon, folks, and happy Sunday. Another shorter business week kicks off and we look forward to another long weekend.…
Infinity Power eye USD 10.5 bn in renewables, EV infrastructure investments over the next five years. PLUS: British International Investment, Ezdehar, Azimut, Flynas
USD 10 bn will go towards renewables investments, while the remaining USD 500 mn will develop Infinity’s EV charging infrastructure…
Egypt’s PMI picks up to its highest level in three years, nears growth
Egypt’s PMI rose to 49.9 in June, marginally below 50.0 growth mark
Egypt’s non-oil private sector was a fraction shy of expansion in June
Good afternoon, wonderful people. The much-needed weekend is finally here. We hope you all have plans to unwind and relax…
Egypt’s USD bonds top EM index as new cabinet sworn in
The new Madbouly cabinet was sworn in yesterday before President Abdel Fattah El Sisi at the Ittihadiya Palace
Fertilizer companies restart operations as gas supplies return. PLUS: Futek, Wellpal, Azimut, EdVentures, Orascom Development Egypt
The restarting of operations follows the resumption of production at Sidpec’s factory last week
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