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Unemployment inches up to 7.1% in the third quarter of 2023
Unemployment 15-29 year-olds accounted for 64.3% of all jobless people in 3Q 2023
Amr Adib takes aim at the EGP and sugar price hikes
The EGP fell even further against the USD in the parallel market to a record low
Fitch cuts bank credit ratings following sovereign downgrade
Fitch, S&P and Moody’s have all downgraded Egypt’s sovereign rating over the past month due to rising debt concerns
Kuwait rolls over USD 4 bn CBE deposit -report
The two-tranche deposit is now set to mature in April and September next year
Elsewedy Capital and Ezz El Arab Automotive team up to locally assemble cars
The newly found company aims to annually produce 50k units in the “coming years”
Inflation eases for the first time in five months in October, slower than analyst expectations
Food inflation slowed for the first time since April
A case for optimism on the EGP
Some USD 8 bn could be raised in the coming months via asset sales, liabilities agreements, and government initiatives
Egyptian stocks, gold hit record highs on currency fears
We love the smell of optimism in the morning. Yes, there’s a risk that we just let our inner Pollyanna…
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