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Current account deficit narrows in the first half of FY 2019-2020
Current account deficit narrows in the first half of FY 2019-2020: Egypt’s current account deficit narrowed to USD 4.6 bn…
Government spending on health, education, wages and welfare is set to increase in FY2020-2021
Government spending on health, education, wages and welfare is set to increase in the coming fiscal year, according to highlights…
EGX slips back into the red, closing down 1.5%
The EGX30 slipped back into the red yesterday, closing down 1.5% to resume a spell of volatility that has gripped…
Heavy net outflows from EM bond funds continue, but could brighter days follow?
Emerging market bond funds are continuing to see heavy net outflows, as investors seek to dump debt amid the economic…
Fawry MD resigns to set up USD 25 mn fintech investment fund
MOVES- Fawry MD resigns to set up USD 25 mn fintech investment fund: Mohamed Okasha has resigned from his position…
Central Bank of Egypt sells more t-bills than target for the first time in months
CBE overshoots t-bill auction target for the first time in weeks: The Central Bank of Egypt sold EGP 25.96 bn…
What we’re tracking on 26 March 2020
We are in the final minutes of the country’s first nighttime curfew in some seven years, and the streets were…
Dice reports 2.7% profit growth in 2019
EARNINGS WATCH- Dice profits grew 2.7% in 2019: Dice net profits rose to EGP 81.4 mn in 2019, up 2.7%…
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