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Slow tourism recovery will weigh on GDP this year, but we’ll bounce back
Egypt’s economy will grow 2.4% this fiscal year “amid sluggish global tourism recovery and weak domestic demand,” but will accelerate…
What the markets are doing on 19 January 2021
China smashed 2020: China’s economy is growing at a faster rate than before covid, expanding 6.5% and marking the highest…
What the markets are doing on 18 January 2021
EM currencies under pressure as greenback enjoys Biden bounce: Emerging-market currencies are coming under pressure as incoming US president Joe…
Foreign holdings near pre-covid peak
Foreign investment in EGP bonds has continued to rebound through the beginning of 2021, with total holdings now standing at…
Also on our radar on 17 January 2021
Some 25k stores and cafes have been temporarily shut down for not complying with newseasonal opening hours that went into…
Please, sir, can I have some more?
The Madbouly Cabinet signed off on a EGP 2 bn overdraft for the FY2020-2021 state budget to help finance measures…
No rate cuts soon, Capital Economics predicts
The Central Bank of Egypt will hold off on resuming its monetary easing cycle “for much of this year” due…
Airline fuel prices slashed by USD 0.15 per gallon starting 21 January
The aviation industry is getting a break on fuel through the end of the year after the government decided yesterday…
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