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Business activity in US, Europe sucker punched as manufacturing and services suffer record blow
Business activity in US, Europe sucker punched as manufacturing and services suffer record blow: Business activity has hit record lows…
Global stocks see second-consecutive day of gains on bailout hopes
Global stocks see second-consecutive day of gains on bailout hopes: Global equity markets continued Tuesday’s rally yesterday on hopes that…
Covid-19 could cause Egypt’s GDP to shrink 1.3% this year -Capital Economics
Covid-19 could cause Egypt’s GDP to shrink 1.3% this year, before bouncing back in 2021, says Capital Economics: Egypt could…
Gov’t covid-19 measures could threaten 30% of Egypt’s nominal GDP -RenCap
Gov’t covid-19 measures could threaten 30% of Egypt’s nominal GDP -RenCap: Around one third of private consumption in Egypt “could…
What we’re tracking on 25 March 2020
The biggest news of the day: A daily curfew from 7pm-6am goes into effect this evening for at least two…
Egyptian remittances rise 5% in 2019
Remittances rise 5% in 2019: Remittances from Egyptians living abroad rose 5% to USD 26.8 bn in 2019 from USD…
Egypt holds the second highest number of ultrarich individuals in Africa
Egypt holds the second highest number of ultra-rich individuals in Africa: There are currently 764 ultra-high net worth individuals (UHNWI)—those…
What we’re tracking on 17 March 2020
The Central Bank of Egypt slashed interest rates 300 bps in a surprise move yesterday evening — the same day…
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