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Private-sector contraction deepens following EGP devaluation
Private sector activity takes a hit following devaluation: The contraction in Egypt’s private sector deepened in November as the depreciation…
We could see the first tranche of our IMF loan before the new year, says Maait
Could we see the first chunk of our IMF loan as soon as this month? Egypt could receive the first…
Remittances to Egypt to rise 2.5% this year- World Bank
Remittances from Egyptians abroad are set to rise 2.5% this year, climbing to USD 32.3 bn from USD 31.5 bn…
AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding
AMEA Power gets funding to build 1 GW of renewable energy plants in Egypt: Al Nowais subsidiary AMEA Power has…
THIS EVENING: AMEA lands funding for solar, wind plants in Egypt + Eurozone inflation cools down
Happy almost-THURSDAY, ladies and gentlemen. We’re in that final stretch before the weekend, with plenty of news (and interesting World…
KSA rolls over its USD 5 bn CBE deposit
Saudi Arabia is extending by one year its USD 5 bn deposit at the Central Bank of Egypt (CBE), state-run…
Exchanging currencies and commodities
No single story is driving the conversation on Egypt in the international press this morning: Investors and analysts are expecting…
Economy grew 4.4% y-o-y in the first quarter of 2022 despite global headwinds
Egypt’s economy grew 4.4% y-o-y in 1Q FY 2022-2023, according to preliminary data from the Planning Ministry. GDP growth in…
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