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Egypt in the News on 18 August 2020
It’s another pleasantly quiet news day for Egypt in the international press. Al Monitor says tech startups could help pull…
Egyptian economy to grow at 2.5-3% clip in FY2020-2021 -HSBC
HSBC sees the Egyptian economy growing at a 2.5-3% clip in FY2020-2021 as strong economic fundamentals help the country weather…
Optimism for a recovery following a 2020 pummeling in the Middle East
2020 sucks, but folks in the GCC are increasingly optimistic about prospects for a recovery: Although low oil prices and…
Non-oil business activity hits 12-month high in July
Non-oil business activity hits 12-month high in July: Activity in Egypt’s non-oil private sector contracted at its slowest rate in…
Egypt’s tourism losses could top 2% of GDP this year, IMF says
Egypt could lose out on tourism revenues worth more than 2% of its GDP this year due to global travel…
Rising remittances curb current account deficit in 3Q2019-2020
Rising remittances curb current account deficit in 3Q2019-2020: A rise in foreign remittances helped Egypt’s current account shrug off the…
MENA GDP to crash 5.7% this year -UN
It’s not looking pretty for MENA economies if this UN report is anything to go by: MENA economies are expected…
Egypt records 3.8% economic growth for FY2019-2020
The economy grew 3.8% in the state fiscal year that ended on 30 June, despite fallout from the covid-19 pandemic,…
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