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FX reserves up again in January
Foreign reserves ticked up USD 38.2 mn in January to end the month at USD 40.1 bn, according to central…
Private sector sentiment still in “contraction” territory
Non-oil private sector activity in Egypt continued to contract in January, albeit at a slower pace as falls in output…
What the markets are doing on 2 February 2021
We were (kind of?) close to one of the largest ever M&A last year: The CEOs of oil giants Chevron…
Counting cars
Car sales boomed in 2020, despite the pandemic: Passenger car sales rose 32% y-o-y in 2020, even as the pandemic…
Egypt’s current account deficit widens to USD 2.8 bn + tourism revenues mount slow recovery
Egypt’s current account deficit doubled y-o-y in the first quarter of FY2020-2021 to USD 2.8 bn, from the USD 1.4…
Egypt’s GDP to grow 2.8% this FY + IMF is out with a more optimistic global forecast
Egypt’s economy will grow at a 2.8% clip in FY2020-2021, according to a Reuterspoll of economists. This is a downwards…
Egypt in the News on 26 January 2021
The 2011 revolution dominates the conversation on Egypt in the international press this morning: Marking the 10-year anniversary of the…
House Planning Committee getting busy with tax, spending legislation
Importers of strategic commodities are a step closer to seeing VAT on shipping costs scrapped after the House Planning and…
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