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Infrastructure 
2020 was a good year for Egypt’s fintech scene
Fintech flourished in Egypt in 2020 despite covid-19’s negative impact on funding, writes Citibank’s Vice President of Europe, the Middle…
Slow tourism recovery will weigh on GDP this year, but we’ll bounce back
Egypt’s economy will grow 2.4% this fiscal year “amid sluggish global tourism recovery and weak domestic demand,” but will accelerate…
Also on our radar on 17 January 2021
Some 25k stores and cafes have been temporarily shut down for not complying with newseasonal opening hours that went into…
No rate cuts soon, Capital Economics predicts
The Central Bank of Egypt will hold off on resuming its monetary easing cycle “for much of this year” due…
Airline fuel prices slashed by USD 0.15 per gallon starting 21 January
The aviation industry is getting a break on fuel through the end of the year after the government decided yesterday…
It’s gonna be ok…
Why the market accepted the Central Bank of Egypt’s freeze on cash dividends without batting an eyelid. Picking up where…
No (cash) dividend for you
Egyptian banks are barred from paying out cash dividends to shareholders on 2020 returns under instructions (pdf) issued yesterday by…
Credit Suisse, Fitch bullish on Egypt
Egypt’s economic growth will move back towards 5% by the end of the 2021 calendar year, helped by the upcoming…
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