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THIS MORNING: Worst day for global stocks since June 2020; It’s inflation day here in Egypt
Good morning, friends, and happy hump day. We have a really packed issue for you today, so let’s jump right…
How do private schools feel about the 7% tuition increase cap in light of rising inflation?
As inflation rears its head, what’s the future of the tuition fee cap for private schools? Since 2019, private schools…
Emerging-market investors are in “sell everything” mode
Emerging-market investors are in “sell everything” mode: Not even value stocks are safe in emerging markets right now as investors…
Rate hikes leave gov’t with at least EGP 6 bn in unexpected debt costs
FinMin needs at least another EGP 6 bn for debt repayments: The House Budget Committee has approved legislative amendments that…
Gov’t eyes 84% debt-to-GDP ratio in FY 2022-23
The Madbouly government wants to bring Egypt’s debt-to-GDP ratio down to 84% in FY 2022-2023, according to a document seen…
Oil + wheat spend to rise FY 2022-2023
The Finance Ministry will set oil prices at USD 80 a barrel in the FY 2022-2023 budget, according to a…
Inflation continues to dampen business activity in April
Egypt’s non-oil private sector continued to contract in April, buffeted by inflation that has been turbocharged by the war in…
THIS MORNING: A big economic announcement from Madbouly today? Also: Foreign reserves were largely stable month-on-month in March
Good morning, everyone, and welcome to a news day that is all about what the fallout from Vladimir Putin’s war…
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