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Credit Suisse singing our praises, but warns of a fourth wave
Credit Suisse seems optimistic about our post-covid recovery, as the economy shows signs of real growth, t-bills remaining attractive and…
Sovereign sukuk sale coming in 2H FY2021-2022
Egypt is preparing to issue its first tranche of sovereign sukuk in the second half of FY 2021-2022, Finance Minister…
Remittances spike in May
Remittance inflows from Egyptians working abroad rose almost 50% in May to USD 2.6 bn, up from USD 1.8 bn…
Egypt receives second tranche of USD 639 mn loan from Arab Monetary Fund
Egypt has unlocked the second tranche of a USD 639 mn loan from the Arab Monetary Fund (AMF) approved in…
Inflation hits 2021 high but still rises below expectations
Annual urban inflation accelerated in July on the back of rising energy and food prices, according to official figures from…
Reserves barely inch up in July
FX reserves increase marginally in July: Egypt’s foreign currency reserves inched up to USD 40.61 bn in July from USD…
Private sector employment is up for first time in 20 months
Employment in Egypt’s non-oil private sector rose for the first time since late 2019 in July, as firms looked to…
Egypt expects USD 3-4 bn bond inflows in 2H2021
Egypt expects to see USD 3-4 bn of foreign inflows into the bond market in 2H2021, Beltone Financial’s chief economist…
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