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S&P, Fitch ratings affirm credit rating at BB, B+, say outlook stable despite Russia-Ukraine war
S&P and Fitch Ratings have both affirmed Egypt’s BB and B+ credit ratings with a stable outlook, despite surging food…
IMF upgrades Egypt’s GDP growth in 2022 despite a “significant slowdown” globally
The IMF has cut its global GDP forecast for this year and the next as surging inflation and economic fallout…
THIS MORNING: Enjoy the long weekend — we’ll be back next Tuesday
Good morning, friends, and welcome to a brisk news day. PSA #1- Hello, four-day weekend: The Central Bank of Egypt…
S&P 500 companies to post slower growth this earnings season + Privately traded tech firms see prices plummet
The crystal balls continue to predict a rocky earnings season ahead: The crisis in Ukraine and rising inflation is forecast…
House Planning Committee to review 2022-2023 draft budget
The House of Representatives voted in plenary session yesterday to send the draft FY 2022-2023 budget to the budget and…
Planet Finance: Standard Chartered is pulling back from MEA, but still wants to enter Egypt
Standard Chartered plans major exit in MEA markets — but still wants to enter Egypt: Standard Chartered is completely shutting…
Current account deficit narrows in 2Q 2021-2022
Egypt’s current account deficit narrowed to USD 3.8 bn in 2Q 2021-2022, from USD4.8 bn in the same period last…
We’re paying more at the pumps
The government raised fuel prices by c. 3% over the weekend amid a rise in global oil prices on the…
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