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FinMin sees budget deficit widening amid commodities price shock
The Madbouly government sees the FY 2021-2022 budget deficit target widening to 6.9% from 6.7%, Vice Minister of Finance Ahmed…
THIS MORNING: It’s Fed decision day; Swvl on course to hit the Nasdaq on 31 March; AfDB in town for COP 27 talks
Good morning, wonderful people, and welcome to almost-THURSDAY, which longtime readers know is how we prefer to think of the…
Can China be Egypt’s wheat provider of last resort?
Bread prices continue to get attention in the foreign press this morning: In a Bloomberg opinion piece, David Fickling suggests…
Food prices were still the topic du jour on the airwaves last night
The Sisi administration’s bid to tamp down rising food prices dominated the airwaves last night after Prime Minister Mostafa Madbouly…
No progress in peace talks + US issues warning to China
Peace talks between Russia and Ukraine made little headway yesterday as Russian forces continued to shell targets in Kyiv and…
Remittances hit record high in 2021
Remittances from Egyptians abroad rose 6.4% in 2021 to a record high of USD 31.5 bn, according to central bank…
Gov’t to up local wheat prices and cut fertilizer costs — and appears to be considering price caps for unsubsidized bread
A raft of new wheat-related measures announced by the Madbouly government yesterday aim to bolster the country’s food security in…
THIS MORNING: IMF loan? “Not yet.”; Suez Canal ends toll discounts for LNG ships; It’s Fed day.
Good morning, friends, and happy hump day. We have a particularly packed issue this morning, so let’s jump right in:…
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