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We’re in talks with the IMF for a bigger package
An IMF spokesperson described the need for more financing as “critical” due to the war in Gaza
IMF boss meets CBE’s Abdalla + Gaza war could trigger “little pause in investments”
Good morning, everyone, and welcome to what is (on the home front at least) one of the slowest news days…
Private-sector optimism hits record low on inflation, currency woes
Activity in country’s non-oil private sector has now been in contraction for the past three years
Tourism, the presidential election, and Turkish interest in Egypt lead the conversation on Egypt in the foreign press this morning
Some tourism companies have reported cancellations leading to a 50% drop in bookings
It’s PMI day
Good morning, folks: We have a nice brisk issue for you this morning on one of the final hump days…
Could the war on Gaza help us secure a larger IMF loan?
It was another econ-heavy night on the airwaves, as our favorite talk show host Lamees El Hadidi brought us the…
Gov’t downgrades 2023-24 growth forecast
The country’s planning minister has forecast 3.5% growth this fiscal year, a 0.7 percentage-point downgrade from her previous estimate last…
Budget deficit almost doubles in 1Q FY 23-24
Public finances are being squeezed by rising borrowing costs, which has caused the government’s interest bill to spike 120% y-o-y
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