Data
S&P trims Egypt’s growth outlook for FY 2025-26, but it’s the following FY when the war really bites
Despite our physical and political distance from the conflict, “the war in the Middle East…
EBRD hints at likely growth downgrade as Egypt ranks as its fourth most war vulnerable regions
For net-energy importers like Egypt, the real concern is that this war and energy disruptions…
Israel extends gas state of emergency + war fallout weighs on Egypt's GDP
Good afternoon, friends, and welcome to your first full workweek in… well, a while. The…
FinMin 2029 debt strategy aims to slash funding gap to 9-11% of GDP
The strategy also targets taming external debt to make up only 20% of total public…
Current account deficit narrows to USD 15.4 bn in FY 2024-25
The non-oil trade deficit widened to USD 37.1 bn during the fiscal year
Current account deficit narrows to USD 13.2 bn in 9M 2024-25
The non-oil trade deficit widened to USD 28 bn during the nine-month period
Current account deficit rises to USD 11.1 bn in 1H FY 2024-2025
The trade deficit rose to 47.4% during the period
Egypt’s current account deficit doubles to USD 5.9 bn in 1Q FY 2024-2025
The deficit was driven by a sharp increase in the trade deficit and a significant…
Few silver linings in February PMI as Egyptian private sector contraction accelerates
One bright spot was construction, which was marked as the only sector to report an…
Non-oil private sector activity slips back into the red, but output hits longest expansion streak since 2020
The country’s headline PMI figure in January slipped 0.4 percentage points to 49.8
Non-oil private sector activity hits quickest pace in five years
Good morning, folks, and welcome to the weekend. We wish you well-deserved days of rest…
Non-oil private sector activity sees fastest growth in five years
Activity now sits comfortably above the 50.0 threshold that separates growth from contraction
BMI, Oxford Economics trim Egypt growth forecasts as war pressures mount
The downgrades come as the EBRD warns its growth forecast for Egypt and other affected…
BMI expects economic growth to fall by at least 0.2-0.3 percentage points if the war persists through April
Higher energy prices will hit energy-importing countries the most, and consumption will take a hit…
Business activity across the world is already reeling from the impacts of the war
That’s why economists are increasingly using one word to describe what’s happening: stagflation
Stagflation rewrites the hedge book as oil breaks old safe havens
Brent longs are at a six-year high, the USD is back in favor, and even…
Foreign reserves increase to USD 50.2 bn in November
PLUS- El Garhy Investment and Development Group upped its stake in EGX-listed Arab Developers Holding
Foreign reserves increase by USD 387 mn in April to USD 48.1 bn
Net foreign reserves have increased by USD 12.8 bn since the Ras El Hekma agreement…
It’s day two of the EFG Hermes One on One in Dubai
Good morning, wonderful people. We have an absolutely packed issue for you this morning in…
Net foreign assets rise for a second month, hitting USD 10.2 bn in February
A narrower deficit at commercial banks helped lift the sector’s external position
Suez Canal
Egypt hikes fuel prices
Good morning, folks. For the first time in a while, there’s hope that the war…
A nasty mix of factors is putting pressure on the price of energy — and that’s bad for Egypt’s budget
Gulf producers only have 25 days before they run out of storage space
Egytrans Nosco and Nafih International partner to set up 167k sqm truck management site in Ain Sokhna
The pair plan to regulate truck traffic using real-time planning and digital yard management platforms
Red Sea jitters derail Alghanim plans for Berenice Port
Good morning, friends, and a happy Thursday to you all. Closing out this week’s set…
Tourism
New energy-saving measures and operating hour restrictions go into effect tomorrow
🌤️ Good morning, friends, and congratulations on making it to the weekend. Grab your favorite…
Tourism operators call for low-interest loans as regional war drives 20% drop in bookings
Margins are being squeezed for tourism companies, who face not just the prospect of lower…
Cairopolitan is the homegrown brand redefining what an Egyptian souvenir can be
How Cairopolitan is capturing the essence of the city through iconic designs that encapsulate and…
Egypt’s high-end holiday stays continue to catch the attention of the int’l press
In a refreshing break from the war, Le Monde and the Financial Times are both…