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IIF expects Egypt to see USD 12-15 bn of net foreign inflows in FY2018-19, says economy will grow 5.5% this year
Egypt will see net capital inflows of between USD 12 and USD 15 bn by the end of the current…
T-bill yields to continue falling in 2019- economists
Egypt could see its T-bill yields continue to fall in 2019 on the back of positive economic indicators, economists tell…
El Sisi’s public sector wage increases are back on the front pages of the state-owned press
El Sisi’s public sector wage increases are back on the front pages of the state-owned press: Carrying forward President Abdel…
World Bank sees Egypt’s GDP rising 6% in 2021
World Bank sees Egypt’s GDP growing 6% in 2021: Egypt’s GDP will grow 5.8% in 2020 and 6.0% in 2021,…
Gov’t revises oil price forecast to USD 70 per barrel in 2019-20 budget draft
The government has revised downwards its oil price forecast for FY2019-20 to USD 70 per barrel, down from USD 74…
Egypt’s balance of payments enters deficit in 1H2018-19, current account deficit widens to USD 3.8 bn
Tourism is up, but FDI is down: Egypt’s balance of payments swung to a USD 1.77 bn deficit in 1H2018-19…
Sawiris looks to acquire license for SME-focused bank in Egypt
Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution once the Central Bank of Egypt…
New Banking Act will not impose term limits on banks’ managing directors
LEGISLATION WATCH- There are no term limits for bank managing directors in the draft of the amended Banking Act now…
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