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Egypt’s PMI falls back into contraction territory as input prices soar
Higher cost inflation dampened sales and slowed business activity
GDP growth slowed to 2.4% in FY 2023-24
The figure represents a drop from the 3.8% growth rate recorded during the previous fiscal year
Global CEOs share their outlook on the future of the business landscape
A comprehensive snapshot of the business landscape
Egypt’s economy grew 2.4% in FY 2023-24
Good afternoon, friends, and happy Thursday. It’s a wrap for a busy work week, and we’re ready to welcome the…
Egypt’s net foreign assets surplus shrinks 27% to USD 9.7 bn in August
Despite the drop, this marks Egypt's fourth straight month in the green
Egypt’s current account deficit quadruples in FY 2023-24
The deficit was driven by a significant increase in the trade deficit and a decline in Suez Canal revenues
The National Bank of Egypt is supporting green projects through the Transforming Financial Systems for Climate program
The program has allocated some EUR 100 mn to be invested in green projects across Egypt’s governorates
EBRD revises Egypt’s GDP growth for 2025 upward
The EBRD now sees the country growing at a 4.5% clip in 2025
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