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AI + Innovation (MENA) 
Infrastructure 
Drop in unemployment driven by job creation, not reduced labor force –EFG Hermes
MORE CONTEXT on this morning’s unemployment figures: EFG Hermes’ Mohamed Abu Basha took a deeper dive in a client note…
CBE ups maximum draw from tourism support fund as it winds down + issues new rules on lending to real estate developers.
Tourism wage support initiative to end on 30 June — or when the pot is empty. A program by the…
Unemployment rate holding (just about) steady
Unemployment in Egypt was virtually unchanged in 4Q2020, dipping only marginally to 7.2% from 7.3% in 3Q2020 and 8% in…
Egypt skated past covid-19, but now needs to double down on “deep” reforms –IIF
Egypt weathered the worst of the pandemic as the only MENA country to see economic output contract last year, but…
Taking stock
Egypt recorded a primary budget surplus of EGP 18.1 bn in 7M2020-2021, up from EGP 14bn at the end of…
What the markets are doing on 11 February 2021
Saudi Arabia’s economy continued to rebound from recession in the final quarter of 2020, growing by 2.8% compared to the…
What we’re tracking on 11 February 2021
Good morning, friends. We made it through another workweek together. Anyone else find it a bit … surreal? … to…
Will the pandemic, not local macro triggers, be key to the CBE’s next rate decision?
The EGX30 rose 0.85% at today’s close on turnover of EGP 1.92 bn (26% above the 90-day average). Regional investors…
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