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Half of the proceeds from the privatization program earmarked to reduce public debt -Maait
There will also be no tax increases for investors in the next fiscal year
Egypt should set specific climate targets, boost the private sector role in combating climate change, the OECD suggests
OECD also recommends Egypt should double down on phasing out energy subsidies
Another rate hike incoming?
JPMorgan sees the CBE hiking interest rates by a further 200 bps when it meets later this month
We’re in for up to USD 9 bn in funding from the World Bank, EU
Egypt is expecting to secure a total of USD 20 bn in foreign support
Annual inflation jumps to 35.7% in February, defying analyst forecasts
Food and beverage prices climbed by 50.9% y-o-y and 16.7% m-o-m in February
Industry players are breathing a sigh of relief after the EGP float
But the higher interest rate environment is cause for concern for some
Gov’t ramps up efforts to clear import backlog following currency float
USD 12 bn of goods have been released since the start of 2024
Banks trade USD 1.9 bn in two days
The EGP lost almost 37% of its value against the greenback after the float
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