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IMF upgrades Egypt’s GDP growth in 2022 despite a “significant slowdown” globally
The IMF has cut its global GDP forecast for this year and the next as surging inflation and economic fallout…
THIS MORNING: Enjoy the long weekend — we’ll be back next Tuesday
Good morning, friends, and welcome to a brisk news day. PSA #1- Hello, four-day weekend: The Central Bank of Egypt…
Wall Street banks ride out earnings season on trading revenue amid volatility
Wall Street banks ride market volatility to post better-than-expected 1Q earnings: Bank of America was the latest US lender to…
State cracks down on bakeries + Indian wheat to the rescue?
The government has seized goods and equipment from bakeries it says engaged in price gouging, with a cabinet statement saying…
Egypt adds India to its what suppliers list — and Pakistan, Mexico could follow
We can now source wheat from India: The Agriculture Ministry on Thursday added India as a new wheat import origin…
We’re paying more at the pumps
The government raised fuel prices by c. 3% over the weekend amid a rise in global oil prices on the…
IEA says global oil demand set to slump + JPMorgan kicks off a turbulent earnings season
IEA cuts forecast for global oil demand — again: The International Energy Agency (IEA) has revised downwards its oil demand…
Last Night’s Talk Shows: Soaring steel prices aren’t “fair” -Cairo Chamber of Commerce
What’s a fair price for steel? A “fair” price for steel would be between EGP 15k-17k per tonne rather than…
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