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FX reserves hold the line in November
Egypt’s foreign currency reserves were broadly stable in November, inching up a modest USD 1.8 mn to USD 39.2 bn,…
Egypt’s poverty rate falls for the first time in two decades
Egypt’s poverty rate decreased for the first time in 20 years in FY2019-2020, according to Capmas’ latest income and expenditure…
Foreign investors flocked to EGP bonds in November
Foreign investors continued to love Egyptian bonds in November: Foreign portfolio investment in EGP-denominated bonds rose to USD 23 bn…
Private sector growth slowed in November, PMI shows
Growth in Egypt’s non-oil private sector slowed in November and business confidence fell to a record low amid fears of…
E-invoicing system gains steam with July ‘21 deadline for state entities
The public sector is getting an e-makeover with new requirements to register on the Tax Authority’s electronic invoicing system by…
Gov’t investment portfolio to go 100% green by 2023
Egypt is doubling down on its plans to go green, with a strategy to exclusively back green projects by 2023,…
The pandemic hasn’t been kind to our current account
The pandemic hasn’t been kind to Egypt’s current account: Egypt’s current account deficit more than tripled to USD 3.83 bn…
2.3 mn jobs were lost during lockdown
Some 2.3 mn jobs were lost during the lockdown in 4Q2019-2020, according to statistics in the Finance Ministry report (pdf)…
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