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IMF cuts our growth outlook — again
The Fund also revised downwards its growth estimate for the last fiscal year to 3.8%
Egypt’s nail-baiting draw with Mozambique had our nation’s talking heads at the edge of their seats
Ahmed Moussa thanked a “point from the heavens” for the draw
Inflation eases for a third consecutive month to seven-month low
Inflation slowed to 33.7% in December driven by falling core inflation
Currency crunch and supply shortages see PMI flat in December
The country’s non-oil private sector has been in contraction for 37 consecutive months
A sneak peek of next fiscal year’s budget
The government sees the economy growing at a 4.7% clip in the coming fiscal year
The economy is on track to recover in 2025, says PM
Bigger subsidies and higher interest rates weighed on the country’s debt burden, according to Madbouly
Electricity Ministry hikes electricity prices by up to 26%
The government is trying to phase out electricity subsidies by 2025
Infrastructure companies continued to grapple with tough economic conditions in 2023
Despite the challenges, digitization and smart infrastructure moved forward
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