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CBE leaves interest rates on hold for sixth consecutive meeting
The Central Bank of Egypt’s Monetary Policy Committee (MPC) left interest rates unchanged for a sixth consecutive meeting on Thursday…
The ACI carrot
Finance Ministry rolls out new financial incentives for registering for the ACI: In a bid to incentivize importers, multinationals, and…
New customs system will be easier to navigate when it launches in October
Importers and their agents will be able to defer paying 70% of taxes and fees to clear cargo at shipping…
Economy to grow 4.5-5% in 2Q2021 -RenCap
The Egyptian economy will grow by 4.5-5% in 2Q2021 and will continue to gather momentum through the rest of the…
Food exports rise in 1H2021
The value of Egypt’s food exports’ increased 13% y-o-y during 1H2021, reaching USD 2 bn against USD 1.8 bn in…
Egyptian economy to grow 5% this fiscal year -Reuters poll
Egypt will grow at a 5% clip in FY2021-2022, according to a Reuters survey of analysts and economists. The figure…
Covid, natural disasters heap pressure on global supply chains
“A perilous moment for supply chains”: That’s the prognosis of one shipping insider as a resurgence in global covid cases…
Non-oil exports jump by 23% in 1H2021
Non-oil exports increased by 23% y-o-y in 1H2021, reaching USD 15.4 bn compared to USD 12.5 bn in 1H2020, Trade…
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