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Egypt receives second tranche of USD 639 mn loan from Arab Monetary Fund
Egypt has unlocked the second tranche of a USD 639 mn loan from the Arab Monetary Fund (AMF) approved in…
Inflation hits 2021 high but still rises below expectations
Annual urban inflation accelerated in July on the back of rising energy and food prices, according to official figures from…
CBE leaves interest rates on hold for sixth consecutive meeting
The Central Bank of Egypt’s Monetary Policy Committee (MPC) left interest rates unchanged for a sixth consecutive meeting on Thursday…
Reserves barely inch up in July
FX reserves increase marginally in July: Egypt’s foreign currency reserves inched up to USD 40.61 bn in July from USD…
We (quite literally) just can’t get enough of copper
Market strategists have been warning of a shortage in copper that could come knocking our doors sooner than later. This…
Private sector employment is up for first time in 20 months
Employment in Egypt’s non-oil private sector rose for the first time since late 2019 in July, as firms looked to…
Egypt expects USD 3-4 bn bond inflows in 2H2021
Egypt expects to see USD 3-4 bn of foreign inflows into the bond market in 2H2021, Beltone Financial’s chief economist…
Moody’s still likes Egypt, sees economy growing 5.5% this year
Moody’s has affirmed Egypt’s credit rating at B2 with a stable outlook that balances the country’s “significant shock exposure” with…
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