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Electricity rationing went into effect yesterday across Egypt. Here’s what we know so far.
Here’s how the gov’t hopes to ration the nation’s electricity: Cabinet has approved measures announced byPrime Minister Moustafa Madbouly last…
THIS MORNING: Negm rules out near-term EGP devaluation + Is Qatar’s wealth fund about to follow ADQ + PIF into the EGX?
Good morning, friends, and welcome to an exceptionally packed Sunday. We’re going to jump right in No imminent EGP devaluation:…
Inflation hits new three-year high in July
Inflation resumed its upward trend in July, reaching a fresh three-year high on the back of higher food and fuel…
In a hunt for foreign currency, we’re going to ration electricity
Egypt will begin cutting back on electricity consumption nationwide from next week in a bid to redirect more natural gas…
Foreign reserves dip for third consecutive month in July
Foreign reserves fall again in July: Foreign reserves slipped to USD 33.14 bn in July, down from USD 33.4 bn…
Outflows, commodity price shock hit current account in 3Q 2021-2022
Egypt’s current account deficit widened more than 2% to USD 5.79 bn in 3Q 2021-2022, as capital outflows and surging…
Non-oil business activity continues to fall in July — but is inflation beginning to ease?
Activity in Egypt’s non-oil private sector continued to contract at a rapid pace in July as high inflation weighed on…
The world is falling behind on SDG commitments
The world is lagging behind in its commitment to sustainable development goals. The world is struggling to make headway fulfilling…
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