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World Bank cuts Egypt’s GDP growth for FY 2023/24 to 2.8%
The bank’s forecast is a 0.7 percentage point downward revision from its last assessment
THIS EVENING: CBE raises limits on cash withdrawals at bank branches + ATMs
Good afternoon, wonderful people, and welcome back. We hope you all had a restful long Eid El Fitr holiday, and…
Gov’t revenues up 57% y-o-y in 9M FY 2023-24
Despite the uptick in revenues, the budget deficit remained virtually unchanged
Gov’t proposes increasing spending on education, social security, healthcare in FY 2024-25 draft budget
Funds directed towards social protection are up 20% y-o-y to EGP 636 bn
EU approves EUR 1 bn in short-term assistance to Egypt
The funds are part of a larger EUR 7.4 bn aid package agreed on in March
Inflation eases in March following EGP float
Food and beverage prices continued to rise, but at a softer rate
THIS EVENING: Egypt’s annual urban inflation cools to 33.3% in March
Good afternoon, folks, and a very happy Monday indeed. The pre-Eid news lull is here and the anticipation for the…
Food inflation is falling across wealthier countries
Food inflation dips across rich nations: Food inflation in rich nations has dropped to its lowest level since before Russia…
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