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THIS EVENING: PMI rises again in July, but remains in contraction territory
Good afternoon friends, and HAPPY THURSDAY. We’re finally at the tail-end of the week, although there remain a few loose…
Blackouts, interest rates and gold ownership get attention on the airwaves
Egyptians bought a record amount of gold in 2Q, according to the World Gold Council
Egyptian demand for gold hits record high in 2Q 2023
Egyptians have bought the same quantities of gold since the beginning of 2022 as they did in the preceding 11…
Central Bank of Egypt expected to leave rates unchanged today
All analysts we surveyed expect the MPC to hold on raising rates for a third consecutive meeting
Manufacturing is slowing across the world
Factory activity in the eurozone is suffering its deepest contraction since the covid-19 pandemic
Blackout schedules are in effect (well, sort of)
Areas across the country yesterday reported suffering power cuts outside of the government’s new schedule
Net foreign assets deficit widens to most on record in June
Net liabilities in the banking system widened by USD 2.6 bn during the month
CBE to keep rates unchanged on Thursday -poll
All seven analysts expect policymakers to hold rates for a third consecutive meeting
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