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Gov’t to miss deficit, debt targets on higher rates, import bill
Egypt is now predicting a debt level of 93.0% of GDP by June 2023
Fuel prices are rising 7-11% today
Cost of mazut for most buyers will increase by 20%
Supply Ministry could import more chicken, rice ahead of Ramadan. Plus: Egypt-Saudi interconnector and news from EgyptAir and CIB
COMMODITIES- The Supply Ministry is stocking up on imported poultry + rice ahead of Ramadan: The Supply Ministry is planning…
Inflation is topic du jour in the foreign press
The economic crisis is front and center in the international press this morning, foreign outlets commenting on the impact of…
FM Shoukry to meet Syria’s Bashar Al Assad today?
It was a bit of a one-note night on the airwaves last night, with state media dedicating much of the…
Weaker EGP could lure British tourists
This morning in the foreign press: EGP devaluation draws bargain-hunting Brits. A UK Post Office index (pdf) ranking GBP exchange…
Say no to poultry racism + mandatory pre-marriage health exams
Last night’s talk shows: Chicken prices, marriage health tests, and the sentencing of Mortada Mansour were all given prominent coverage…
THIS MORNING: What’s it going to take to unlock Gulf investments in Egypt?
Good morning, friends, and welcome to what is shaping up to be a very busy week for news. The question…
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