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New foreign business supports Egypt’s private sector, still in “contraction” territory
Non-oil private sector conditions worsened for the third consecutive month in February, but at a milder rate than the past…
The job market in the covid age
Here’s how much global employment suffered from the pandemic: The global economy lost the equivalent of as many as 255…
Drop in unemployment driven by job creation, not reduced labor force –EFG Hermes
MORE CONTEXT on this morning’s unemployment figures: EFG Hermes’ Mohamed Abu Basha took a deeper dive in a client note…
Unemployment rate holding (just about) steady
Unemployment in Egypt was virtually unchanged in 4Q2020, dipping only marginally to 7.2% from 7.3% in 3Q2020 and 8% in…
Private sector sentiment still in “contraction” territory
Non-oil private sector activity in Egypt continued to contract in January, albeit at a slower pace as falls in output…
Covid bites once again
Egypt’s non-oil private sector recovery stalled again in December as covid-19 cases climbed steadily throughout the month, causing muted consumer…
Private sector growth slowed in November, PMI shows
Growth in Egypt’s non-oil private sector slowed in November and business confidence fell to a record low amid fears of…
2.3 mn jobs were lost during lockdown
Some 2.3 mn jobs were lost during the lockdown in 4Q2019-2020, according to statistics in the Finance Ministry report (pdf)…
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