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THIS EVENING: Egypt’s PMI falls to five-month low in October + Reserves inch up again
Good afternoon, ladies and gents. The news cycle is reasonably brisk as we kick off a new workweek. THE BIG…
US stocks have best week in almost a year on interest rate hopes
The S&P 500, Nasdaq 100 both saw their best weekly performances all year long
Economic growth almost halves to 3.8% in 22-23 –Planning Ministry
Egypt recorded growth of 3.8% in FY 22-23, with forecasts for FY 2023-24 at 4.2%
Fitch joins Moody’s, S&P in downgrading Egypt’s credit rating
The rating agency lowered its rating one notch to B- due to concerns over the currency and debt sustainability
Central Bank of Egypt holds interest rates steady
This was the last policy meeting before the presidential election in December, after which the CBE is expected to devalue…
Cabinet extends budget cutbacks through to June 2024 amid FX crisis
The cabinet brings back restrictions on USD government spending
You’re going to pay more at the pumps today
Prices have now risen 16-25% in 2023
Your Commute is getting pricier + CBE hold rates + US one of 14 countries who objected to a ceasefire during the last UN General Assembly
Good morning friends, and welcome to the weekend. We have a busy issue lined up for you with updates on…
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