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Operation tax + spend
Higher tax revenues will be used to subsidize increased government spending in the coming fiscal year, Finance Minister Mohamed Maait…
What the markets are doing on 17 March 2021
Saudi Arabia’s oil sector is facing its biggest slump in a decade, keeping the kingdom in recession in 4Q2020. Activity…
Minimum wage, pension hikes + what to expect from next year’s state budget
The minimum wage for civil servants will be raised to EGP 2.4k from EGP 2k as of the next fiscal…
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…
Maait presents medium term fiscal targets
Egypt’s tax revenues are expected to hit EGP 862 bn in FY2020-2021, up from EGP 676.8 bn last fiscal year,…
Egypt’s GDP to grow 2.8% this FY + IMF is out with a more optimistic global forecast
Egypt’s economy will grow at a 2.8% clip in FY2020-2021, according to a Reuterspoll of economists. This is a downwards…
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…
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…
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