Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Infrastructure 
THIS EVENING: Egypt’s economy slowed down in 2Q FY 2023-2024
Good afternoon folks, and happy Monday. We have some fresh economic updates to unpack as we start the second day…
Gov’t greenlights EGP 120 bn subsidized loan program to support industry and agriculture
The 15% interest rate charged is nearly half the central bank's post-float 28.25% lending rate
CBE auctions off more EGP t-bills, this time at a much lower yield
The one-year bills received offers over 4x its original ask and six-month bills 2x its ask
IMF greenlights the dispersal of USD 820 mn after approving expanded USD 8 bn loan program. PLUS: EU fastracks EUR 1 bn of aid package
Georgieva warned that “externally, uncertainty remains high” and that keeping reforms on track with reforms will “be critical”
Egypt, KSA, and the UAE accounted for over 85% of M&As in the region in 2023
M&As in the region witnessed a 30% y-o-y decline
Foreign investors ink USD 353 mn worth of industrial projects
Egypt signed three separate industrial investment agreements with companies from China, Poland, and France
Gov’t unveils new economic and social development targets for the next fiscal year
The Madbouly government now sees the economy growing at a 4.2% clip in fiscal year 2024-2025
Draft budget for the next fiscal year heads to the house
Good morning, friends. An unusually busy week in local business and economy news for Ramadan is ending how it began,…
Something went wrong. Please refresh the page and/or try again.