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Analysts think we’re in store for some promising inflation news later today
Good morning, friends. In an unusually quiet morning in the international business press, it’s not much different over in Egypt…
IMF reaches staff-level agreement on third loan review
The Fund warned that the impact of the war on Gaza and trade disruptions in the Red Sea could pose…
Egypt’s non-oil private sector inches closer to growth
Egypt’s PMI rose to 49.6 in May, verging on the edge of growth
Foreign reserves soar to all-time high following Ras El Hekma funds
FX reserves hit USD 46.1 bn at the end of May
Why should Egypt double down on manufacturing solar panels?
Egypt could save tons of USD by manufacturing its own solar panels amid growing demand for clean energy
MPs gave their final approval to next fiscal year’s budget
Finance Minister Mohamed Maait confirms there won’t be any tax hikes next FY.
A look at Standard Chartered’s crystal ball
The bank expects the central bank to start cutting rates in 3Q 2024
Egypt’s net foreign asset deficit continues to narrow in April for third consecutive month
The net foreign asset deficit has narrowed 87% since reaching an all-time high of USD 29.0 bn in January
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