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Gov’t could announce its biggest social support package to date in September
The package could be implemented starting October
Non-oil private sector activity remains near growth territory despite dipping in July
The index dipped slightly to 49.7 in July, down from an almost three-year peak of 49.9 in June
Global markets meltdown hit home — the EGP hit six-month lows
The EGX30 dropped 2.3% to close at 27.8k yesterday
Net foreign asset position remains in the green in June despite surplus falling 10%
The net foreign asset surplus at commercial banks shrank 41.0% from the month before in June
Non-oil trade deficit declines 16% in 1H 2024
The improvement was attributed to a 9.8% increase in exports and a 3.3% decrease in imports
IMF completes third review of our loan program, enabling the disbursal of USD 820 mn
Egypt and the IMF reached a staff-level agreement on the third review early last month
Demand for big-ticket items is on the decline following the float
March’s float continues to receive attention from foreign press. Bloomberg is out with a piece looking at the impact the…
Growth forecast revised down
Good morning, friends. We are wrapping up this short work week with a brisk issue led by the latest from…
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