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Net foreign assets fall in April for the first time in four months
A rise in banking sector liabilities weighed on the net foreign assets position despite growing foreign assets
Remittances from Egyptians abroad continue to rise in March, reaching USD 3.4 bn
This marks the thirteenth consecutive month of y-o-y remittance growth
Remittances more than double y-o-y to record February high of USD 3 bn
February marks the 12th consecutive month to see an increase in remittances on a y-o-y basis
Net foreign assets increase for the third month running, recording USD 15.4 bn in March
Commercial banks recorded their first surplus since August
Oxford Economics gives its two cents on Egypt’s economy
Trump’s tariffs could — albeit indirectly — slow down Egypt’s economic growth
Remittances rose 83.2% y-o-y to record January high of USD 2.9 bn
This could be the year remittance flows surpass their pre-FX crisis peak
S&P trims our credit outlook to stable, Fitch reaffirms stable outlook
S&P also affirmed its B-/B rating for Egypt’s long- and short-term foreign and local currency sovereign credit, inline with Fitch…
Annual inflation rebounds to 13.6% in March
Well, friends, we’ve made it through another week together — one of the most intense the markets have ever seen.…
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