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Fitch Ratings downgrades our credit rating for the first time since 2013
Medium-term debt sustainability at risk
Non-oil private-sector contracts at a softer pace in April
Short-term outlook among firms falls to record low amid economic uncertainty
Egypt’s current account enters the black for the first time since 2014
Thank import curbs, which narrowed the country’s trade deficit to 12-year lows
Net foreign reserves inch up to USD 34.55 bn in April
Reserves have been slowly recovering after falling 20% on the back of the war on Ukraine
Private sector is still in contraction + Madbouly to hold int’l presser on the economy within days
Good morning, friends. We hope you’re having yet another wonderful long weekend — make the most of it: it’s the…
THIS EVENING: PMI still in contraction — but is at its highest level since last October
Good afternoon, friends, and happy THURSDAY-equivalent. We’re sliding into the long weekend — enjoy it, because the next holiday coming…
Al Kharafi + Samcrete awarded EUR 60 mn in contracts for new water infrastructure in Fayoum. PLUS: Cheaper wheat, better mobile networks, O West deliveries
The companies will build a new wastewater treatment plant and sewage networks under EBRD-backed program
Privatization and politics top coverage on the nation’s talk shows
Escalation in Sudan could have dire consequences for the region, says African expert
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