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Unemployment rises to 9.2% in April as coronavirus lockdown bites
Unemployment rises to 9.2% in April as coronavirus lockdown bites: Egypt’s unemployment rate rose to 9.2% in April from 7.5%…
EBRD sees Egypt’s economy growing 3% next fiscal year after “sharp” slowdown in 2020
EBRD sees Egypt’s economy growing 3% next fiscal year after “sharp” slowdown in 2020: The European Bank for Reconstruction and…
El Sisi ratifies law to expedite payments to gov’t contractors, suppliers
LEGISLATION WATCH- Suppliers and construction outfits working on government contracts will receive EGP 10 bn in arrears after President Abdel…
Maait signals austerity measures if covid-19 crisis persists
BUDGET WATCH- Austerity measures in the cards if crisis continues into FY2020-2021 -Maait: The government could cut back on spending…
Foreign reserves fall for second consecutive month in April
Foreign reserves fell in April for the second consecutive month as the central bank honored repatriation requests from foreign investors,…
Egypt in the News on 7 May 2020
Leading the conversation in the foreign press this morning: Satirical filmmaker Shady Habash died in Tora Prison from alcohol poisoning…
Pandemic is expediting, not pausing, Egypt’s structural reform plans -Al Mashat
Pandemic is expediting, not pausing, Egypt’s structural reform plans -Al Mashat: The government is not looking to slow down its…
What we’re tracking on 7 May 2020
Rejoice, friends, for it is Thursday — and also the end of the second week of Ramadan. A handful of…
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