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EBRD once again slashes our growth forecast for 2024
The EBRD cut our growth forecast for 2024 to 3.9%, down 0.6 percentage points from its September forecast
How has Egypt become a hub for green data centers and what could be done to draw more investments to the sector?
The transition to renewables would lead to a significant reduction in the subsidies bill, an industry player told us
Egypt’s foreign debt rose USD 3.3 bn in 1H FY 2023-24
The central bank estimates that USD 36.4 bn of our medium- and long-term debt will be repaid this year
Inflation cools for the second consecutive month in April
On a monthly basis, food prices fell 0.9%
Inflation cools again in April + PIF backs CIRA to become its regional education platform
Good morning, wonderful people. We hope you enjoyed the Easter break and are ready to return to full workweeks. Enterprise…
Non-oil private sector activity drops further in April as it enters 41st straight month of contraction
Sentiment improved, but businesses are still pessimistic on growth prospects
Foreign reserves hit their highest level in over four years
FX reserves hit USD 41.1 bn in April
Fitch upgrades Egypt’s sovereign credit rating outlook to positive
The Ras El Hekma agreement and foreign capital inflows since March have done a lot to restore confidence in Egypt’s…
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