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A new war front. PLUS: More credit card limits.
Good morning, friends and happy Friday. Despite the short business week we remained busy with a slew of economic and…
THIS EVENING: New card restrictions. PLUS: ACWA Power + Hassan Allam ink 25-year land usufruct agreement for a USD 1.5 bn wind farm in the Gulf of Suez.
…and we’re back, ladies and gentlemen. We took a publication break yesterday — as we are sure you noticed —…
World Bank downgrades our GDP growth for FY 23/24 to 3.5%
Economic growth could be further hit by the extension of a regional conflict.
A whole lot of green ambitions for El Sisi’s new term
The government sees Egypt becoming a global hub for green hydrogen by 2030
The government’s refugee audit dominated the talk shows last night
Cabinet spokesperson El Homsani told viewers “Egypt embraces everyone and cannot boycott any citizen of a sister country”
The economy dominated the airwaves until the early hours
El Hadidi warned 2024 “may be the most difficult for us economically…whether for people’s pockets, lives, or the government itself,”
FX reserves flat in December
Our total FX reserves now stand at USD 35.2 bn
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
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